USD/JPY in direction of 151.10 – the drop started earlier than the CPI information formally revealed

The Tokyo headline CPI information confirmed an enormous bounce in November:

• Tokyo space November inflation information, an enormous bounce larger: Headline 2.6% y/y (prior 1.eight%)

As I mentioned in that publish, this information is a degree in favour of a Financial institution of Japan fee hike at its December 18-19 assembly, and thus yen supportive.

In case you have been having a break from consuming turkey you’d have seen USD/JPY dropping simply previous to the info launch. Issues like this do occur, certain, however issues like this may also be suspicious (somebody obtained a leak?).

Info movement from Japan can usually be a bit leaky. There’s a purpose we’ve a pic like this within the ForexLive archive!

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



Source link