The ex- food and energy, known as the 'core-core' rate, and closest to US core inflation, remains firmly above 3%, much higher than the Bank of Japan 2% target. The overall, headline, rate is similarly above target at 2.8%
![Japan February 2024 cpi inflation 2](https://images.forexlive.com/images/Japan%20February%202024%20cpi%20inflation_id_82bc6a9e-bb89-4b13-965a-9f54d7fedf80_size900.jpg)
USD/JPY is sitting basically on its post-BOJ high circa 151.65.
I expect we'll get more verbal intervention from Japanese officials again today.