Its been a wild move for USD/JPY during the session, its risen and risen ever since the inflation data earlier. A huge move. But then you view it the context of the fall preceding it and … well, maybe not so huge a rally?
Plenty of news about:
More on Japan’s finance minister warning of fiscal strain as bond yields hit 15-year high
- Japan finance minister Kato – higher long term rates can pressure Japan’s fiscal situation
- Japan Jibun February preliminary manufacturing PMI 48.9 (prior 48.7)
- Japanese Industry and Trade Minister Muto will head to the US to talk tariffs
- Bank of Japan Governor Ueda sees the bright side of higher interest rates
- More from BOJ’s Ueda – Ready to respond to abnormal market moves
The inflation data:
- Japan January Core CPI 3.2% y/y vs. 3.1% expected
- Japan’s Core Inflation Hits 19-Month High, Strengthening Expectations for BOJ Rate Hikes
This article was written by Eamonn Sheridan at www.forexlive.com.
