Published: 2025-10-24T00:53:53.000Z
USD/JPY flows: Regaining traction
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Japan September headline inflation 2.9% y/y

The September National CPI has closing onto 3% again at 2.9% y/y. Ex fresh food is also 2.9% and ex fresh food & energy at 3% y/y. Both the headline and ex fresh food flared up while ex fresh food & energy moderates. The inflationary pressure remains supportive for the BoJ to hike, yet it seems difficult for them to act immediately on the new PM's policy tilt.
USD/JPY is trading 0.02% higher at 152.59.