USD/JPY up a few tics following the higher inflation report

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USD/JPY up a few tics following the higher inflation report

<p>The data is here:</p><p><a href="https://www.forexlive.com/news/japan-october-headline-cpi-37-yy-prior-30-20221117/" target="_blank" data-article-link="true">Japan October headline CPI +3.7% y/y (prior +3.0%)</a></p><p>In that post I once again referred to Bank of Japan Governor Kuroda once again referring to inflation as transitory:</p><p><a href="https://www.forexlive.com/centralbank/boj-gov-kuroda-says-cpi-will-drop-under-2-in-202324-fiscal-year-cost-push-declines-20221117/" target="_blank" data-article-link="true">BOJ Gov Kuroda says CPI will drop under 2% in 2023/24 fiscal year, cost-push declines</a></p><p>Kuroda says the (cost) factors pushing inflation up will dissipate in the next Japanese fiscal year (this year begins in April). </p><p>Kuroda wants to see wage growth to support rising inflation, and he is not. </p><p>Kuroda is thus promising super-easy monetary policy will continue. </p><p>USD/JPY is up a little after the data:</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: USD/JPY up a few tics following the higher inflation report

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