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USD/JPY: Mildly positive beyond 106.50 following downbeat Tokyo CPI

From fxstreet.com

USD/JPY stays on the front-foot around 106.65, up 0.10% on a day, following the release of the Tokyo Consumer Price Index (CPI) during the early Friday. Even if the data received no major reaction, downbeat outcomes join the risk-on mood to propel the yen pair further towards the north. Not only the headline CPI data that missed the forecast and prior by flashing 0.3% mark, the Ex-Fresh Food CPI, mostly known as Core CPI, also joins the line with -0.3% numbers. Furthermore, the ex-Food and Energy CPI data lagged below 0.5% market consensus and 0.6% prior with -0.1% actual. Read: Japanese Tokyo CPI YoY Aug: 0.3% (exp ... (full story)

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  • Category: Fundamental Analysis