The producer price index for final demand, which measures the prices companies receive for goods and services, decreased 0.2% in February from the prior month, the Labor Department said Tuesday. But underlying figures hint at firming inflation.
The Bank of Japan said on Tuesday it would maintain its massive asset buying program at existing levels but offered a bleaker view of the economy, suggesting it may roll out more stimulus as it struggles to reach an elusive inflation target.
Even if oil prices should go down right now, based on supply and demand fundamentals, the financial players will not let that happen.
Next Trading Day's Important Events
- USDJPY: 112.75
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