USD/JPY flows: Headline CPI tread below 3%

The Japan August headline CPI treads below 3% to 2.7% with ex fresh food also at 2.7%. However, ex fresh food and energy remain elevated at 3.3%, suggest underlying inflation remains solid. Such data is unlikely to sway the result of the BoJ meeting later as they are unlikely to move before the October LDP election.

USD/JPY is trading 0.07% lower at 147.88.