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USD/JPY has ticked higher after Tokyo inflation data

  • Tokyo area CPI surpasses BOJ's 2% target rate. USD/JPY sees slight increase.
Eamonn Sheridan
04/12/2023 | 23:50 GMT

The data is here:

  • Tokyo area CPI dataa for November 2023 comes in way above the 2% BOJ target rate. Again.

Despite remaining above the BOJ's 2% target Tokyo area inflation came in lower than in October and also lower than consensus estimates

USD/JPY grinding a few pips higher:

usdjpy tokyo November cpi 2023

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