Published: 27/12/24 at 02:47 UTC
USD/JPY flows: Strong CPI
FX Analyst
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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.