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USD/JPY charges above 146
The USD/JPY has just charged above the 146 handle. The dollar was already higher today =, rising back to fresh interim rebound highs above 145.50. The gains in the dollar were initially helped by the latest Japanese inflation data evidencing no sign of any price pressure, steady at around 1.6% in terms of the latest annualised Tokyo CPI report. The move higher in the past few minutes has seen it jump above 146 and towards 146.50, carrying all the major Yen crosses with it. The surge in the dollar came after the latest polling news on the race to find a new Japanese PM. There are scant details here on anything else at the moment, but it they come to light to explain this more more clearly, then another update will follow. The USD/JPY is currently trading at 146.33
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