Tokyo area October Headline inflation 1.8% y/y (prior 2.2%)
The Tokyo headline CPI for October has come in lower at 1.8% y/y. However, ex fresh food and energy CPi also rose to 1.8%. The mixed report will not derail BoJ's monetary policy as it suggest trend inflation is indeed higher. But with headline lower, the pace of further tightening may be slowed.
USD/JPY is trading 0.13% higher at 152.01.
