The Japanese Yen (JPY) is getting into Friday’s NA session flat vs. the US Greenback (USD), having light the modest beneficial properties that had surrounded the in a single day launch of nationwide CPI figures, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
Inflation helps hawkish BoJ
“Whereas the headline print was in step with expectations at 3.5% y/y, the core measures shocked modestly to the upside. The discharge in the end offers affirmation to a hawkish-leaning BoJ and affords little by way of altering our expectations for elementary, policy-driven JPY energy.”
