Tokyo inflation keeps December BOJ hike in play | Metals Mine

  • Tokyo inflation keeps December BOJ hike in play

    From forex.com

    Inflationary pressures in Japan’s capital, Tokyo, remained elevated in November, pointing to the risk of similar trends nationwide and keeping the prospects of a Bank of Japan (BOJ) rate hike next month very much alive. Headline consumer prices rose 0.3% in November, leaving the annual pace fractionally lower at 2.7%. Stripping out fresh food prices, core inflation rose 2.8% from a year earlier—one-tenth above expectations and well above the BOJ’s 2% target. Excluding fresh food and energy, inflation also topped forecasts, rising 2.8% over the year versus the 2.7% pace expected. charts As shown in the graphic ... (full story)

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ZforexCM
Nov 28, 2025 12:59am
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The yen traded around 156.3 to the dollar, little changed on Friday, even as Tokyo inflation surprised to the upside and pushed December BOJ hike expectations to about 56 percent. Core prices held near 2.8 percent, above target for a prolonged period, helping traders price in a rising chance of two rate increases through 2026. Attention now shifts to Governor Ueda’s upcoming speech, which could guide markets ahead of the December 19 decision.

Despite stronger inflation and firmer domestic data, USD/JPY has broken its mid-October uptrend, and momentum indicators are weakening.

Technically, resistance stands near 158.95, while support is firm at 155.20.
R1: 158.95 | S1: 155.20
R2: 160.15 | S2: 153.65
R3: 161.20 | S3: 151.60
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