USD losses continue – USD/JPY under 150.70

Eyes on USD/JPY, as usual, its down towards 150.60 after the solid inflation data earlier:

• Tokyo area November inflation data, a big jump higher: Headline 2.6% y/y (prior 1.8%)
• USD/JPY towards 151.10 – the drop began before the CPI data officially published

The dollar is lower more widely also. EUR/USD is near session highs circa 1.0570, for example.

Apart from what has already been posted there is no fresh news or data.

This article was written by Eamonn Sheridan at www.forexlive.com.