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USD/JPY held above 145.00 in early Asian trade after Tokyo CPI rose 2.2% year-on-year in September, down from 2.6% in August. Markets awaited US PCE inflation data, and the BOJ is expected to hold rates at its October meeting.
Softer Japanese inflation trims the case for BOJ tightening and leaves the yen weak against the dollar, a minor macro factor for dollar-priced commodities.
fxstreet.comLallalit SrijandornSep 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
