The pair trades near 153.50 at the time of writing, consolidating its recovery from three-month lows near 152.00, as the focus shifts to the Tokyo CPI reading, due later on the day. In that sense, Tokyo Consumer Price Index (CPI), due later on Thursday, will be closely watched for confirmation of those theories. Economic Indicator Tokyo Consumer Price Index (YoY) The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier.