USD/JPY has popped well above its Thursday high, to a 3 week high around 145.50 and change.
We had data earlier from Japan:
Tokyo area September inflation data: Headline 2.2% y/y (expected 2.2%)USD/JPY sitting around its recent high circa 145.05 after the Tokyo inflation data
And rate cuts from China:
PBOC cuts 7 day reverse repo rate to 1.5% (prior 1.7%)People’s Bank of China cuts RRR by 50bp
Yen weaker:
This article was written by Eamonn Sheridan at www.forexlive.com.
