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Published: 2024-12-27T02:47:23.000Z

USD/JPY flows: Strong CPI

byCephas Kin Long Yung

FX Analyst
1

More from Japan FM Kato

Tokyo Headline CPI 3% y/y

Back from Christmas and we are already hearing from Japan finance minister Kato that he is alarmed by FX moves, driven by speculators, the common verbal intervention. 

Combined with strong Tokyo CPI, headline at 3% y/y and ex fresh food & energy at 2.4%, USD/JPY has rotated from high of 157.94 60 157.59 currently, down 0.21% for the session.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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