USD/JPY dropping under 143.00 - signs of higher inflation in Japan weighing

Japan's Cabinet Office forecast consumer prices to rise 3.0% And tomorrow we'll get data showing core inflation above the Bank of Japan 2% target for over a year.Higher inflation will continue to fan market speculation of a Bank of Japan pivot away from ultra-easy policy and will act as a tailwind for yen. USD/JPY dipping on the session here in Asia today:This also from earlier:Japanese incomes projected to increase by 3.8% in fiscal 2024, surpassing inflation This article was written by Eamonn Sheridan at www.forexlive.com.

Dec 21, 2023 - 07:55
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USD/JPY dropping under 143.00 - signs of higher inflation in Japan weighing

Japan's Cabinet Office forecast consumer prices to rise 3.0%

And tomorrow we'll get data showing core inflation above the Bank of Japan 2% target for over a year.

Higher inflation will continue to fan market speculation of a Bank of Japan pivot away from ultra-easy policy and will act as a tailwind for yen. USD/JPY dipping on the session here in Asia today:

This also from earlier:

This article was written by Eamonn Sheridan at www.forexlive.com.
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