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USD/JPY towards 151.10 - the drop began before the CPI data officially published

The Tokyo headline CPI data showed a big jump in November:Tokyo area November inflation data, a big jump higher: Headline 2.6% y/y (prior 1.8%)As I said in that post, this data is a point in favour of a Bank of Japan rate hike at its December 18-19 meeting, and thus yen supportive. If you were having a break from eating turkey you'd have seen USD/JPY dropping just prior to the data release. Things like this do happen, sure, but things like this can also be suspicious (someone got a leak?).Information flow from Japan can often be a bit leaky. There is a reason we have a pic like this in the ForexLive archive! This article was written by Eamonn Sheridan at www.forexlive.com.

The Tokyo headline CPI data showed a big jump in November: Tokyo area November inflation data, a big jump higher: Headline 2.6% y/y (prior 1.8%) As I said in that post, this data is a point in favour of a Bank of Japan rate hike at its December 18-19 meeting, and thus yen supportive.

If you were having a break from eating turkey you'd have seen USD/JPY dropping just prior to the data release. Things like this do happen, sure, but things like this can also be suspicious (someone got a leak?). Information flow from Japan can often be a bit leaky.

There is a reason we have a pic like this in the ForexLive archive!.