JPY

Japan government official says output higher not due to tariff front running

• Yeah, right.

Japan February Industrial Output (preliminary) +2.5% m/m (expected +2.3%, prior -1.1%)

• Solid result

Japan data - February retail sales +1.4% y/y (expected +2.0%, prior +4.4%)

USDJPY Technical Analysis – The JPY gets a boost from higher Tokyo CPI data

• The USDJPY pair momentum remains skewed to the upside, but the stronger Tokyo CPI could provide a deeper pullback. What’s next?

Stronger Tokyo inflation data bolsters case for May BoJ rate hike, says ING

• Point to signs of broadening price pressures across both goods and services

The yen has strengthened after the trifecta of Tokyo CPI data - inflation rising

• The Bank of Japan 2% inflation target is in the rear view mirror!

Tokyo February headline CPI +2.9% y/y (2.7% expected)

• Japanese inflation data - the Tokyo CPI indicator

Japan warns of “significant impact” from new U.S. tariffs

• Probably puts a nail in the coffin of a Bank of Japan May rate hike for one thing

The USD has reversed its earlier Trump auto tariff gains, EUR/USD back above 1.0760

• USD/JPY is below 150.20

Nomura: Retains Long JPY Bias - tariffs, BOJ, inflation

• This is via eFXdata

USDJPY Technical Analysis – Focus on the "Liberation Day"

• The USDJPY pair broke above a key trendline this week. What’s next?

Bank of Japan Governor Ueda again - If prices overshoot will take stronger steps

• Ueda has been busy today!

BoJ Gov Ueda again: If food inflation is temporary, shouldn't respond with monetary policy

• Bank of Japan Governor Ueda

Bank of Japan Governor Ueda says expects underlying inflation to accelerate gradually

• BOJ Gov Ueda

Japan Services Producer Price Index (February 2025) +3% y/y (exp +3.1%)

• Service sector PPI