Japanese Yen Currency Outlook in the Midst of CPI Beat and Lower Trending Prices
Tuesday, 27 February 2024, 12:47
Japanese Yen Currency Outlook
In the recent update on the Japanese Yen, the markets are closely monitoring the Consumer Price Index (CPI) beat despite the ongoing trend of lower prices. Officials have been cautioning against FX intervention, but the carry trade remains preferred. The article highlights that while there was a positive surprise in inflation exceeding expectations, the prices have been continuously decreasing since October.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.