USD/JPY flows: Waiting for next leg

The July Japan Corporate Service PPI has came in at 2.8%, lower than prior at 3% but still much higher than sub 1% headline PPI. The wage growth will continue to be inflationary yet the transfusion into consumption is still unsure. 

USD/JPY resumed the upward momentum on Monday as session progress and is trading 0.1% higher at 144.65.