US June PPI 0.0% vs +0.2% m/m expected

US June PPI data

• Prior was +0.3%

• Ex food and energy +0.1% vs +0.2% expected

• Ex food, energy, trade +0.3% vs +0.2% expected

• No revisions to prior

Year-over-year numbers:

• Final demand +3.3% vs +3.4% exp
• Ex food and energy +2.7% vs +2.8% exp
• Ex food, energy and trade +2.8% vs +2.7% prior

This isn't a great sign ahead of tomorrow's CPI report. USD/JPY dipped down to 111.05 from 111.15.