USDJPY: November CPI data in the Tokyo area exceeded the BoJ's 2

5 Ara 2023

Recent data shows inflation has eased since October:

CPI (excluding fresh food and energy): 3.7%
Total CPI: 3%
Inflation in Tokyo, although exceeding 2%, is still slightly lower than forecast
FX Update: USD/JPY edged 15bp higher to around 147.25 after this data

5 Ara 2023

Not

💵SELL USDJPY 147.30💵

✅TP1: 147.00
✅TP2: 146.80

❌SL: 147.70