No news hitting (I have heard)
The move has triggered a few stops (all moves do!), in this case above the overnight highs clustered above 109.60
Not much movement elsewhere, so yen crosses are higher alongside
Earlier from Japan we had:
- Inflation data: Japan headline CPI (for July): 0.4% y/y (expected 0.4%)
- And Services PPI: More Japan data: PPI Services (July): 0.6% (prior 0.7% y/y)
The data showed Japanese inflation continues to be way below the BOJ target. If that is fresh news to anyone (with a pulse) I'll eat my hat.
