The data is:
The two core measures are both as expected. USD/JPY is barely changed.
These numbers really shouldn't shift the needle on what to expect from the Bank of Japan meeting next week (i.e nothing).
- Governor Ueda and his officials at the Bank have been ... insisting that inflation is transitory and does not necessitate a move away from easy policy
- Bank of Japan Governor Ueda comments this week have watered down YCC tweak expectations
- October is now the month most cited as the likely timing for a BOJ policy change
And this from this morning: