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US December core CPI slips- USD/JPY tumbles below 156.50
The December US CPI (Consumer Price Index) has just been released and it has beaten estimates on the month. The markets were expecting core annualised consumer prices to have remained largely unchanged. The core rate has slipped to 3.2% from 3.3%. Just ahead of this report the USD/JPY had clawed its way back to above 157, having fallen back earlier on, to a low at 156.71, resultant from the comments much earlier today by the Bank of Japan governor. The high seen ahead of those remarks was set at 158.08. This news has sent the dollar lower again, falling below 156.70 and below 156.50. It is right now at 156.40
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