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Japan core CPI rises 1.6% in June, matching forecast, USD/JPY little changed - investingLive
USD/JPY — All Desk Targets
22 desks
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 152.00 |
UBS | Bearish | 160.00 |
Scotiabank | Bullish | 140.00 |
All 22 desk targets for USD/JPY
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Japan core CPI rises 1.6% in June, matching forecast, USD/JPY little changed investingLive
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4 itemsEamonn Sheridan
Japan core CPI rises 1.6% in June, matching forecast, USD/JPY little changed
Eamonn Sheridan
Japan: Tokyo area April CPI headline 1.5% y/y (expected 1.7%, prior 1.4%)
The desk interprets the latest Tokyo CPI data as a clear signal that the Bank of Japan (BoJ) is unlikely to accelerate its rate hike plans. Per the full note from Eamonn Sheridan, the April 2026 headline CPI came in at 1.5% year-on-year, missing expectations of 1.6% and reflecting a marginal increase from the prior 1.4%. This subdued inflation data, particularly the core CPI at 1.5%—the slowest since March 2022—provides the BoJ with the necessary leeway to maintain its accommodative stance despite previous signals suggesting a potential hike in June.
Eamonn Sheridan
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