Published: 2024-10-18T01:00:59.000Z
USD/JPY flows: September CPI Moderates
FX Analyst
1
Japan September National Headline CPI +2.5% y/y
The September National CPI has shown moderation from August at 2.5% y/y, ex fresh food 2.4% y/y while ex fresh food & energy rose to 2.1% y/y. The BoJ would still be happy to see this as all three items remain above 2% with ex fresh food and energy (non-transitory) items also higher, which seems to support their argument of stronger trend inflation.
USD/JPY is trading 0.11% lower at 150.03.