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The BoJ for clues on whether price rises

The BoJ for clues on whether price rises | 23 August 2023

23 August 2023, USD/JPY

The BoJ for clues on whether price rises

USDJPY trading plan:

Japan may be seeing early signs of sticky inflation with several measures of broad price trends hitting record highs in July, data showed, heightening the case for a retreat from decades of ultra-loose monetary policy. Based on the government's consumer price data, the Bank of Japan releases several measurements of underlying inflation that look at the distribution of price changes. The indices are closely watched by the BOJ for clues on whether price rises are driven by one-off factors like fuel, or broadening enough to sustainably hit its 2% inflation target.

Investment idea: range 144.80 -145.80

David Johnson
Analyst of «FreshForex» company
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