Quick News Spot

USD/JPY has hit a session low, swings from a high above 150.10 to under 149.60 | Forexlive


USD/JPY has hit a session low, swings from a high above 150.10 to under 149.60 | Forexlive

The initial move after the Tokyo inflation data was for yen weakness:

In that post I made note that the weaker CPI reading fed through to a weaker yen as it takes off some pressure for nearer-term BoJ rate hikes. I've just printed out that post, torn it up, and flushed it down the toilet.

There's not a lot there that appear to be the smoking gun for the yen bounce - I guess Uchida fits the bill more closely than the data. Let me know what you think in the comments.

Previous articleNext article

POPULAR CATEGORY

corporate

4724

tech

4045

entertainment

5863

research

2673

misc

6230

wellness

4731

athletics

6114