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Breaking Posted 2 hours ago

Japan May CPI Due Friday as Yen Struggles Near 2024 Highs

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Japan's May CPI data headlines the Asia session on June 19, with headline and core inflation having stayed below the BoJ's 2% target for four consecutive months. This follows the BoJ's rate hike earlier this week. BOJ April meeting minutes are also due. Liquidity will be reduced with HK, China, and the US all closed. USD/JPY is the key pair to watch, already squeezing toward 2024 highs despite the BoJ hike. A soft CPI print could pressure the yen further, while a surprise overshoot may offer temporary yen support and sharp USD/JPY volatility in thin market conditions.
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