USD/JPY has bounced higher despite a massive gain in Japanese inflation

15/11/2023 | 00:53 GMT

Despite a significant rise in inflation, USD/JPY is bouncing back

The economic growth data from Japan for Q3 included a huge 5.1% rise in its inflation measure.

USD/JPY is shrugging off any stronger yen implications of this, bouncing back after the post-US CPI selloff for a partial retracement:

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