The USD/JPY hit a familiar hit bid at 148.70 as markets picked up the US Dollar (USD) through Tuesday, keeping the Japanese Yen (JPY) broadly lower on the day.
The USD/JPY cycled around the 148.00 handle on Monday as traders gear up for the Bank of Japan’s (BoJ) latest rate statement on Tuesday, coming ahead of another round of Japanese inflation figures slated for Friday with the Tokyo Consumer Price Index (CPI).
QuantCube launches CPI indicators for the UK, Eurozone and Tokyo hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
Japan's Consumer Price Index (CPI) annualized inflation for the year ended December 2023 eased back further as inflation continues to cool within the major economic centers of Tokyo, printing at 2.4% compared to November's YoY 2.6%.
Here is what you need to know on Tuesday, January 9: After struggling to find demand during the American trading hours on Monday, the US Dollar seems to have stabilized early Tuesday, with the USD Index fluctuating above 102.00.