USD/JPY dips to 143.80 after solid Tokyo inflation data ...Middle East

Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)Core is at its highest since January 2023Core-core is at its highest since January 2024

If these numbers translate into the national level CPI for the month, due ion around 3 weeks, it'll boost Bank of Japan confidence that inflation is solidifying around target and will, at the margin, encourage a rate hike.

Meanwhile, yen is attracting a wee bid, adding to its overnight rebound:

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

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