USD/JPY flows: Tokyo Inflation Edges Higher

On Friday, BoJ has another welcoming data as the Tokyp CPI has come in stronger. August headline CPI arrived at 2.6% y/y from 2.2%, ex fresh food at 2.4% from 2.2% and ex fresh food & energy at 1.6% from 1.1%. It is a welcoming sign for the hawkish BoJ but we will need to see sustained change in consumer and business behavior to confirm trend inflation will be higher.

USD/JPY is trading 0.18% lower at 144.74.