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USD/JPY climbing back towards 150.00 after US CPI inflation beat kicks off a round of risk aversion
The USD/JPY is hanging close to Thursday's highs of 149.83, inches away from retesting the 150.00 major handle, a price level that has drawn interest from the Bank of Japan (BoJ) for FX market intervention in the past. Japan's Producer Price Index (PPI) and Machinery Orders data fell short of expectations on Wednesday. September's Japan PPI recorded a discouraging -0.3%, failing to the meet the anticipated 0.1% increase and marking a decline from the preceding month's 0.3% figure. Additionally, Machinery Order for August saw a decline of 0.5%, showing an improvement from the prior reading of -1.1%, but still falling ... (full story)