It was a busy start to the Asian session for the USD/JPY pair, with inflation figures for September in focus. The numbers were Yen positive, with Tokyo inflationary pressures building at the end of Q4. In September, Tokyo’s core annual inflation rate accelerated from 2.6% to 2.8, while the annual inflation rate eased from 2.9% to 2.8%. Economists forecast a core inflation rate of 2.8%. While core inflation picked up, the latest figures are unlikely to shift the Bank of Japan’s stance on monetary policy. The BoJ stated that it would maintain its current policy stance despite the ongoing inflation overshoot. Tokyo core ... (full story)