Tokyo inflation data the focus.
USD/JPY has continued its rise, this gave it a little tailwind yesterday:
Japan survey of firms – very few believe wage growth quicker than inflation achievable
But it was heading higher regardless. Evan Kanda couldn’t stop it:
Japan top currency diplomat says there is no limit to FX intervention resources
The unkind amongst us might even suggest he lit a fire under it 😉
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Prelimary PMIs from Australia and Japan also.
This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.
