High importanceJPJPY · Inflation · 22 Oct 2026 · 19:30 ET · in 5 d 11 h

Japan inflation rate, year on year (Sep)

Thu 22 October · 19:30 ET (08:30 Tokyo) · in 5 d 11 h. Change in the general price level.

Forecast
2.3%
Previous
1.9%
Actual
Due 19:30 ET

Below 2.15%In line 2.15% to 2.45%Above 2.45%

▏Forecast 2.3%○ Previous 1.9%

The levelsMeasured from its last 12 prints

BelowBelow 2.15%JPY down
USD/JPY up EUR/JPY up GBP/JPY up
In line2.15% to 2.45%Limited follow-through
AboveAbove 2.45%JPY up
USD/JPY down EUR/JPY down GBP/JPY down

In line is the forecast ± how far this series usually lands from it (median miss 0.15%). Above or below that is a genuine surprise. JPY up or down is the playbook’s mapping for this release; the pairs show how each quote moves when JPY does. Arithmetic, not a forecast.

Its own historyLast 12 prints vs the forecast before each: 2 above · 2 in line · 8 below

1.03%1.61%2.2%2.79%3.37%Nov ’25Dec ’25Mar ’26Apr ’26Jun ’26Aug ’26Sep (next)

— Forecast before the print● Actual▮ Next release: in-line range

Release history

ReleasedPeriodForecastActualPosition
17 Sep 2026Aug2.1%1.9%Below forecast
20 Aug 2026Jul1.7%1.9%Above forecast
23 Jul 2026Jun1.7%1.7%In line with forecast
18 Jun 2026May1.6%1.5%Below forecast
21 May 2026Apr1.8%1.4%Below forecast
30 Apr 2026Apr2.3%1.5%Below forecast
30 Mar 2026Mar2.2%2.3%Above forecast
23 Mar 2026Feb1.3%1.3%In line with forecast
19 Feb 2026Jan1.9%1.5%Below forecast
25 Dec 2025Dec2.5%2%Below forecast
27 Nov 2025Nov2.9%2.8%Below forecast
20 Nov 2025Oct3.1%3%Below forecast

What moved

After it prints: USD/JPY, EUR/JPY and GBP/JPY from the hour before to the hour after, from 1-hour bars.