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USD/JPY dropped back to 154.00 (under) after above target CPI data and stimulus pack news

  • Lows circa 153.98
Eamonn Sheridan
22/11/2024 | 00:27 GMT

Updating USD/JPY after the inflation data:

  • Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%)

All three measures were above the bojj2% target, which keeps a December rate hike from the Bank on the simmer.

Also yen supportive was:

  • Japan PM Ishiba says stimulus package will be around 39 trln yen
usdyen cpi stimulus update 22 November 2024 2

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