Tokyo's Consumer Price Index (CPI) rose to 2.0% year-over-year in July, up from 1.7% in June.
This increase in inflation was driven by a jump in Tokyo CPI ex Fresh Food and Energy to 2.0%, also exceeding expectations.
The Japanese Yen rebounded against the USD/JPY pair after the release of the data, with the exchange rate falling 2.10% to 159.95.
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