Boj Core News Today

The Japanese Yen (JPY) extends its sideways consolidative price move during the Asian session on Tuesday and remains well within the striking distance of the YTD low against its American counterpart.

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BoJ Core CPI expected to remain unchanged at 3.4% US posts mixed PMI report The Japanese yen has started the week in positive territory. In the European s

Japan’s core inflation rate has been moving higher. Last week, the nationwide core CPI rose to 2.9% for October, up from 2.8%. On Tuesday, we’ll get a look at BoJ Core CPI, which is one of the Bank of Japan’s preferred inflation gauge. The indicator has been steadily rising from a 2023 low of 2.7% back in February. The market consensus for October stands at 3.4%, unchanged from the September print.

Key data to be released this week with the BoC and the ECB expected to keep rates unchanged.

BoJ Ueda says 2% inflation target not yet achieved USD/JPY pushes above 149 The Japanese yen is unchanged on Tuesday, trading at 148.85. BOJ's Ueda sa

The Bank of Japan maintained its policy settings on Friday, which really should not have been all that surprising, given the dovish messages that BoJ Governor Ueda and other BoJ members have been sending out for weeks. The BoJ does not appear to be in any rush to phase out its ultra-loose stimulus, given the weakness in Japan’s economy. Domestic consumption remains weak and the slowdown in the global economy is hurting the critical export sector.

A quieter week on the economic data front.

Tokyo Core CPI expected to tick lower to 2.9% US to release jobless claims and durable goods orders later on Thursday USD/JPY put together a mid-week rall

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero