USD/JPY rebounds for the first time in five days after Tokyo CPI undershoots.

【12/26Market Overview

Tokyo Time,12Month Tokyo Metropolis Consumer Price Index (CPI, excluding fresh food) year-on-year+2.3%vs forecast+2.6% a significant miss, raising expectations of further Bank of Japan rate hikes fading for next year, and the dollar/yen rose to156.49yen,156but with market participants still sparse the day after Christmas, the move failed to sustain. In European hours, with European markets closed and liquidity thin, the dollar/yen hovered in the mid- to upper-yen area. time, on Boxing Day with fewer market participants, the dollar/yen rose temporarily to156.72yen, but then traded with little movement, around156yen in the mid-range.

【12/29Market View