USD/JPY sitting around its recent high circa 145.05 after the Tokyo inflation data

Here is the data:

• Tokyo area September inflation data: Headline 2.2% y/y (expected 2.2%)

Headline and core were well behaved, but it’s the core-core 9excluding food and energy and the closest to US core inflation) that might be beading some sweat on brows at the Bank of Japan:

Core-core 1.6% y/y, in line with expectations and an unchanged rate from August

• expected 1.6%, prior 1.6%

USD/JPY is not too far from its recent high. Its silly to read too much into this given the data was only a few minutes ago.

This article was written by Eamonn Sheridan at www.forexlive.com.