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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan CPI MoM climbed to 0.4% in May 2026
FMPMonthlyReleased June 2026
Japan CPI MoM climbed to 0.4% in May 2026, released June 2026, up 0.3% from April's 0.1% reading.
Latest Release
0.400000
Actual
—
Consensus
0.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Japan) was reported at 0.4% in June 2026. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through June 2026. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jun 19) and CFTC JPY speculative net positions (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI MoM - JP
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About CPI MoM — Japan
DEFINITION
Japan's CPI MoM rose 0.500000% in May, accelerating from April's 0.300000% and signaling stronger inflation momentum. May's increase marks a clear upward trend in consumer prices, reflecting ongoing price pressures in the economy. Market focus will remain on Bank of Japan policy decisions amid this inflation acceleration. Updated 6/19/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 0.5 %. Prior reading (May 2026): 0 %. Before that (May 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.