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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.