Published: 2026-05-01T01:15:14.000Z
USD/JPY flows: Soft Tokyo CPI Reverse Partial Intervention Effort
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Japan head intervention official won't comment on FX or oil futures intervention
All three item of Tokyo CPI below target
All three item of Tokyo CPI came in below target in April, continues to point towards government stimulus hiding the underlying inflation and oil shock. The Japan senior currency official Atsushi Mimura won't comment on FX intervention but we all know what happened to lead to such drastic move in the pair.
The weak CPI has partially reversed USD/JPY traction since the intervention and see USD/JPY trading 0.41% higher at 157.22.