Faster Tokyo Inflation Supports BOJ Rate Hike Case, Lifts Yen

Faster Tokyo Inflation Supports BOJ Rate Hike Case, Lifts Yen

(Bloomberg) — Inflation in Tokyo rose at a faster pace, supporting the case for the Bank of Japan to keep raising interest rates gradually and giving the yen a boost.

Japanese Yen Forecast: USD/JPY Falls as Tokyo Inflation Heats Up

USDJPY – 5 Minute Chart – 311025 – Retail SalesToday’s economic indicators signaled a potential pickup in economic momentum and rising national inflation, supporting a more hawkish BoJ rate path. Given these dynamics, USD/JPY maintains a bearish bias despite Powell downplaying the odds of a December rate cut. However, traders should closely monitor comments from Prime Minister Sanae Takaichi, an advocate for ultra-loose monetary policy. Fed Spea…

Japan's Tokyo core CPI surges to 2.8%, BoJ hike timing still unclear

Japan’s Tokyo CPI figures for October showed broad-based acceleration in inflation, adding to pressure on the BoJ but stopping short of forcing an immediate policy move. Core CPI (excluding fresh food) climbed from 2.5% to 2.8% yoy, beating expectations of 2.6%. Core-core measure (excluding fresh food and energy) matched that rise, also hitting 2.8%, while […] The post Japan’s Tokyo core CPI surges to 2.8%, BoJ hike timing still unclear appeared…

Faster Tokyo inflation supports BOJ rate hike case, lifts yen

While the city CPI report is a leading indicator for national trends, isolated subsidies affecting only the capital can sometimes distort that dynamic

Tokyo's inflation rises from 2.5% to 2.8%

The annual inflation rate in the Ku-area of Tokyo came in at 2.8% in October, rising from the 2.5% registered in the previous month, the Statistics Bureau of Japan said in its report published on Frid...

FX Today: Inflation data in Japan and the Euroland gather all the attention

The US Dollar (USD) added to Wednesday’s post-Fed strong rebound and climbed to fresh two-month highs as market participants continued to assess the Fed’s rate cut, the cautious approach from Chief Powell, and the lack of progress over a deal to end the federal government shutdown.