USD/JPY Outlook: Yen Firm Despite Downbeat Tokyo CPI

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>Core inflation in Tokyo decelerated in November. Market participants anticipate the gradual phasing out of the BOJ’s extensive stimulus. The BOJ will watch next year’s annual wage negotiations and the outlook for service prices. Despite a dip in Tokyo’s inflation, the yen flexed its muscle against the dollar on Tuesday, signaling a persistently bearish USD/JPY…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/05/usd-jpy-outlook-yen-firm-despite-downbeat-tokyo-cpi/">USD/JPY Outlook: Yen Firm Despite Downbeat Tokyo CPI</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>