TODAY'S MARKET INTELLIGENCE
Japan's Core CPI Accelerates, Boosting Rate Hike Expectations; USD/JPY Wavers Around 159
English summary
Japan's July core CPI rose 1.8% YoY, reinforcing BOJ rate hike expectations; the U.S. Treasury's expanded buyback program weighs on the dollar, leaving USD/JPY consolidating around 159. Rabobank maintains a 3-month target of 158.00 but warns of short-term upside risk.
The English text is machine translated and may require verification against the Chinese version.
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