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Published: 2023-12-21T06:17:31.000Z

USD/JPY flows: Rotating Lower

byCephas Kin Long Yung

FX Analyst
-

USD/JPY continue to retrace post BoJ gains

The Japanese Cabinet's report showed an upward revision of economics growth projection citing external demand to offset soft domestic demand, which is expected to recover on ubcine tax cut and stronger wage inflation. The report also forecast CPI to be above 2% in the coming year with wage inflation expected to grow by 2.5%. 

The upward revision supports the JPY and see USD/JPY slipped 0.37% to 143.02.

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Topics
Flows
USD/JPY-Commentary
Foreign Exchange
FX DM

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