Japan June CPI, headline +3.3% y/y (expected +3.5%)

<p>The data is:</p><ul><li><a href="https://www.forexlive.com/centralbank/heads-up-for-the-final-japan-inflation-report-before-next-weeks-boj-meeting-20230720/" target="_blank" rel="follow">final Japan inflation report before next week's BOJ meeting</a></li></ul><p>The two core measures are both as expected. USD/JPY is barely changed. </p><p>These numbers really shouldn't shift the needle on what to expect from the Bank of Japan meeting next week (i.e nothing).</p><p>Earlier posts:</p><ul><li><a href="https://www.forexlive.com/centralbank/heads-up-for-the-final-japan-inflation-report-before-next-weeks-boj-meeting-20230720/" target="_blank" rel="follow">Governor Ueda and his officials at the Bank have been … insisting that inflation is transitory and does not necessitate a move away from easy policy</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-comments-this-week-have-watered-down-ycc-tweak-expectations-20230719/" target="_blank" rel="follow">Bank of Japan Governor Ueda comments this week have watered down YCC tweak expectations</a></li><li><a href="https://www.forexlive.com/centralbank/october-is-now-the-month-most-cited-as-the-likely-timing-for-a-boj-policy-change-20230720/" target="_blank" rel="follow">October is now the month most cited as the likely timing for a BOJ policy change</a></li></ul><p>And this from this morning:</p><ul><li><a href="https://www.forexlive.com/centralbank/former-japan-yen-intervention-boss-boj-wont-tweak-yield-curve-control-ycc-next-week-20230720/" target="_self" rel="follow">Former Japan Yen intervention boss – BOJ won't tweak yield curve control (YCC) next week</a></li></ul>

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