Tokyo CPI data is here from earlier: Tokyo inflation data out now, headline at +0.4% y/y for a miss vs. 0.5% expected
The response of the yen on the release of the data was pretty much a big fat zero, nothing!
As noted in the post, the data was a negative for the yen as the BOJ will not be exiting easy policy any time soon. And, it took a while, USD/JPY has popped a little:
I am not a big fan of the 'delayed reaction' story at any time ….. but please forgive me …. I got nothin else! (I will also accept more buyers than sellers :-D )
