USD/JPY above 147.80 after Tokyo inflation drops sharply in January

<p>The inflation data is here:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-area-cpi-data-for-january-16-prior-24-20240125/" target="_blank" rel="follow" data-article-link="true">Tokyo area CPI data for January +1.6% (prior 2.4%)</a></li></ul><p>Minutes here:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-december-meeting-minutes-agreed-to-patiently-maintain-easy-policy-20240125/" target="_blank" rel="follow" data-article-link="true">Bank of Japan December meeting minutes: Agreed to patiently maintain easy policy</a></li></ul><p>USD/JPY has added on points after the inflation data, two of the three measures dropped back under the BOJ 2% target, calling into question the expected pace of tightening from the Bank:</p>

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