Trade The World
JPY soft despite as-expected CPI – Scotiabank
By FXStreet Insights Team
Date Published: 22 Aug 2025 | Date Modified: 22 Aug 2025
POPULAR ARTICLES
The Japanese Yen (JPY) is down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
The Japanese Yen (JPY) is down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Yield spreads are also narrowing in a JPY-supportive manner
"The overnight release of Japan’s national CPI data offered little in terms of price action, with headline coming in at 3.1% y/y, as expected. Core (ex fresh food, energy) was also in line with expectations, at 3.4% y/y."
"Japan’s above target inflation remains a core concern for the BoJ, and rate expectations are firming in response to expectations of renewed tightening this fall. Yield spreads are also narrowing in a JPY-supportive manner, reflecting higher JGB yields."
FXStreet
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
