USD/JPY flows: Tokyo CPI Dips Further

The headline Tokyo CPI for February stays low at 1.6%. Ex fresh food is also below target range at 1.8% while ex fresh food and energy arrived at 2.5%. While it eases the pressure for the BoJ to hike immediately, it is worth noting a big part of moderation comes from base effect and latest round of energy stimulus.

USD/JPY is trading 0.18% lower at 155.82.