Published: 2025-02-28T02:19:47.000Z
USD/JPY flows: Dragged by sentiment
FX Analyst
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Japanese labour unions push for record wage hike amid rising costs
Tokyo February headline CPI +2.9% y/y
The Tokyo headline CPI has come in lower than expected at 2.9% y/y with ex-fresh food at 2.2% and ex-fresh food & energy at 1.9%. It is still a high read but seems to suggest the spike in inflation has eased and could hinder the pace of more BoJ hike.
The sentiment turmoil seems to be in the driving seat on Monday as we see USD/JPY down 0.4% to 149.19.