USD/JPY dropping under 143.00 – signs of higher inflation in Japan weighing

<p>Japan's Cabinet Office<a href="https://www.forexlive.com/news/japans-government-raises-its-gdp-growth-estimates-for-fy202324-and-fy202425-20231221/" target="_blank" rel="follow"> forecast consumer prices to rise 3.0% </a></p><p>And tomorrow we'll get data showing core inflation above the Bank of Japan 2% target for over a year.</p><p>Higher inflation will continue to fan market speculation of a Bank of Japan pivot away from ultra-easy policy and will act as a tailwind for yen. USD/JPY dipping on the session here in Asia today:</p><p>This also from earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/japanese-incomes-projected-to-increase-by-38-in-fiscal-2024-surpassing-inflation-20231220/" target="_blank" rel="follow" data-article-link="true">Japanese incomes projected to increase by 3.8% in fiscal 2024, surpassing inflation</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.