The ‘core-core’ rate of inflation in May (core-core is that excluding food and energy, it’s the closest to the US measure of core inflation) has shown its slowest rise since September 2022
A few minutes ago MoF official Kanda gave an intervention warning:
- Japan’s Kanda says ready to take action if excessive FX move seen
He knocked around 10 pips off USD/JPY, but that’s all in the past with it now hitting 158.94
This article was written by Eamonn Sheridan at www.forexlive.com.
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