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

The inflation data is here:Tokyo area CPI data for January +1.6% (prior 2.4%)Minutes here:Bank of Japan December meeting minutes: Agreed to patiently maintain easy policyUSD/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: This article was written by Eamonn Sheridan at www.forexlive.com.

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