The USD/JPY pair's hovering around 149.80 in early Asian trading. Resilient, despite all the chatter about Fed rate cuts. Traders are still processing recent data. More to come.
Japan's Tokyo CPI for September? A bit of a cooldown. Headline CPI up 2.3% year-on-year. Down from August's 2.5%. Core CPI also eased. This might put a damper on BoJ tightening expectations. Could limit the yen's upside. Not entirely clear, though.
In the US, the PCE report shows inflation's still above the Fed's 2% target. But it's kind of slowing down. Rate cut talks are still alive. The Fed's staying cautious.
Eyes
Japan's Tokyo CPI for September? A bit of a cooldown. Headline CPI up 2.3% year-on-year. Down from August's 2.5%. Core CPI also eased. This might put a damper on BoJ tightening expectations. Could limit the yen's upside. Not entirely clear, though.
In the US, the PCE report shows inflation's still above the Fed's 2% target. But it's kind of slowing down. Rate cut talks are still alive. The Fed's staying cautious.
Eyes