ForexLive Asia-Pacific FX news wrap: USD/JPY back under 143.00

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USD/JPY
was a notable mover on the session, dropping back under 143.00. The
Cabinet Office issued their half-yearly economic report, raising its
GDP forecasts and projecting 3% inflation with firms being able to
pass on cost rises to consumers. Tomorrow we get the latest CPI data
for the country which will show core inflation higher than the Bank
of Japan 2% target for more than a year. Chatter of a Bank of Japan
pivot away for ultra-loose monetary policy continues to flare.
</p><p>Elsewhere
across major FX we had some US dollar give-back of its gains on
Wednesday, partial retracement moves. EUR, AUD, NZD, CAD all rose
while cable lagged.
</p><p>News
and data flow was light, but as mentioned, tune in tomorrow for
Japanese inflation data.</p>

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