USD/JPY dropped back to 154.00 (under) after above target CPI data and stimulus pack news

Updating USD/JPY after the inflation data:

• Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%)

All three measures were above the bojj2% target, which keeps a December rate hike from the Bank on the simmer.

Also yen supportive was:

• Japan PM Ishiba says stimulus package will be around 39 trln yen

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