The yen has strengthened after the trifecta of Tokyo CPI data – inflation rising

The data post is here:

• Tokyo February headline CPI +2.9% y/y (2.7% expected)

I pointed out there that:

• All three of the measures have come in above expected, and all of them above (or equal to in the case of the headline) the February reading.
• To round it out, all three are also above the Bank of Japan 2% target.

The yen has been marked higher, here is USD/JPY:

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