The Tokyo inflation data is here:
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 2024If 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:
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