All 3 Japan inflation indicators rose in October, higher than expected. JPY little changed

The inflation data is here:

Japan data - Tokyo area headline inflation 3.5% (expected 3.1%)

In addition to higher than expected inflation indications, unemployment also rose:

• Japan jobs data - September jobless rate 2.6% (expected 2.5%)

With the Bank of Japan statement due soon (expect it in the 0230 to 0330 GMT time window),

• BOJ meeting 28 October 2022 - preview - no change to monetary policy expected

• BOJ policy statement due on Friday, 28 October 2022 - preview
• BOJ meeting Friday, 28 October preview - "no strong indications that a change is imminent"

• Newsquawk Preview: BOJ policy decision due Friday 28th October

All indications from the Bank of Japan are that they view the higher inflation rates as transitory only and thus are keeping ultra-llos monetary in place.

USD/JPY is little changed following the data releases: