USD/JPY dropping under 143.00 - signs of higher inflation in Japan weighing

Japan's Cabinet Office forecast consumer prices to rise 3.0%

And tomorrow we'll get data showing core inflation above the Bank of Japan 2% target for over a year.

Higher inflation will continue to fan market speculation of a Bank of Japan pivot away from ultra-easy policy and will act as a tailwind for yen. USD/JPY dipping on the session here in Asia today:

This also from earlier:

• Japanese incomes projected to increase by 3.8% in fiscal 2024, surpassing inflation