USD/JPY Reaction to the Japan Inflation Figures
Before the inflation numbers, the USD/JPY rose to an early high of 145.867 before falling to a pre-stat low of 145.573.
However, in response to the inflation figures, the USD/JPY rose to a post-stat high of 145.730 before falling to a low of 145.597.
This morning, the USD/JPY was down 0.14% to 145.632.
Friday Curveballs
There are no economic indicators from China or the US to influence the markets today. However, investors should monitor central bank commentary and activity.
Hopes for more stimulus from Beijing will likely linger, with announcements from Beijing likely to move the dial. However, investors should also monitor FOMC member chatter throughout the session.
After the latest US retail sales figures and FOMC meeting minutes, hawkish chatter would fuel bets on a September Fed rate hike. However, Yen intervention could be another curveball considering the latest inflation numbers.
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