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USDJPY breaks higher as inflation came at 1.8% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive are commodities for them, including oil, with recent drop of JPY. But it puts less pressure on BoJ to hike. Maybe more time is needed for inflation to show up and that's when they will hike, in coming months. ....
I’ve probably heard the song a thousand times (No, I’m not exaggerating), but I still get caught up in the story of the two young people hopping “the midnight train going anywhere.” ....