UPDATED--Japan "Core"* CPI Prints at Negative 0.5%, Gold Pops

*Not to be confused with "Core-core", excluding fresh fish ,gasoline, veggies, oil.

Tokyo-area reports one month ahead of "National" i.e. April reporting down 0.3% vs expected -0.4%.
March national CPI was pre-Kuroda April 3-4 easing.

Gold picks up another $10.90 to $1479.10. Somewhere between that price and $1525 (remember $1525? target on the way down?) is a dandy spot to sell some shiny stuff.
Maybe one last "Buy it before it goes higher" spasm for a couple percent.
ZeroHedge is too gleeful, PPI is more important at this stage.

Here's the Statistics Bureau report.

From ZeroHedge:
Abenomics Leads To Worst Core Deflation In Three Years

...The market's immediate reaction: gold is pushing higher, breaking above
$1473, as this means moar, moar, MOAR balance sheet doubling by the
BoJ...

Gold has now retraced Fib 61.8% of its record plunge...

...MORE 

Update--Gold now $1484.40:


And from ForexLive:
Japan CPI – complete figures including ‘Tokyo’ CPI

National CPI (March) -0.9% y/y:

• Prior was -0.7%
• Expected was -0.8%

National CPI excluding fresh food (March) -0.5% y/y (in Japan, thwas was the ‘core’ measure of inflation)

• Prior was -0.3%
• Expected was -0.4%

National CPI excluding food and energy (March) -0.8% y/y

• Prior was -0.9%
• Expected was -0.8%

...MORE