November 22, 2024 at 12:27AM
Updating USD/JPY after the inflation data:
Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%)
All three measures were above the bojj2% target, which keeps a December rate hike from the Bank on the simmer.
Also yen supportive was:
Japan PM Ishiba says stimulus package will be around 39 trln yen
This article was written by Eamonn Sheridan at www.forexlive.com.
USD/JPY dropped back to 154.00 (under) after above target CPI data and stimulus pack news