USD/JPY flows: Tokyo CPI Dips

The Tokyo headline CPI dips below 2% while the other two item also slips to 2%. Regardless of BoJ's hawkish rhetoric, the data eases pressure for them to perform any imminent hike. While energy subsidy is in play, the fact that core-core inflation also moderates to 2% shows that the inflationary pressure is luke warm at best as real wage remain choppy for the past quarters.

USD/JPY is trading 0.49% higher at 153.83.