USD/JPY Price Analysis: Tokyo’s Inflation Hits 40-yr Highs

Tokyo’s inflation hit 3.6%, higher than forecasts. Tokyo’s inflation casts doubt on BoJ’s belief that cost-push inflation is temporary. There is a higher chance that Japan’s nationwide inflation has increased after Tokyo’s report. Today’s USD/JPY price analysis is bearish. Japan’s capital city’s core consumer prices, a key predictor of national trends, increased at their quickest … The post USD/JPY Price Analysis: Tokyo’s Inflation Hits 40-yr Highs appeared first on Forex Crunch.

USD/JPY Price Analysis: Tokyo’s Inflation Hits 40-yr
Highs

Tokyo’s inflation hit 3.6%, higher than forecasts. Tokyo’s inflation casts doubt on BoJ’s belief that cost-push inflation is temporary. There is a higher chance that Japan’s nationwide inflation has increased after Tokyo’s report. Today’s USD/JPY price analysis is bearish. Japan’s capital city’s core consumer prices, a key predictor of national trends, increased at their quickest …

The post USD/JPY Price Analysis: Tokyo’s Inflation Hits 40-yr Highs appeared first on Forex Crunch.