USD/JPY rising above 150 ahead of the inflation data – what could possibly go wrong?
Regardless of what the data says the Bank of Japan seems hell bent on jacking up rates. The market consensus is for a rate hike in December.
Also on the agenda for the session ahead, economic activity data from China for September. This may well be shrugged off given we’ve had a barrage of, admittedly mainly disappointing, stimulus announcements from late that month right up until yesterday.
This article was written by Eamonn Sheridan at www.forexlive.com.
