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USD/JPY chart after the soaring Japanese CPI data ... finally responding

Japanese inflation is rocketing higher, and has been persistent above 3%. In April underlying, core-core, CPI jumped above 4%. Japan CPI data comes in well above 3% again, core-core is above 4%As I said earlier, and have many times before, the Bank of Japan insists that current high levels of inflation are transitory. The Bank says current CPI levels are caused by cost-push factors, not demand-pull, and that until wages rise to pull inflation along they expect the rates of price growth to declin... Read More

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Content Topics

Usd

Jpy

Chart

After

Soaring

Japanese

Data

Finally

Responding

Usd jpy

Forex

Posted: May 19 2023, 00:05

Author Name: forexlive

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