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Around 4 weeks ago, the inflation figures for the Tokto area were released indicating a continued increase in prices.
We will receive the nationwide data for this month today. The Bank of Japan has emphasized multiple times that they anticipate a decline in inflation starting in September/October of this year, and as a result, they are maintaining a very accommodating policy. As I’m writing this, the USD/JPY exchange rate is exceeding 143, indicating that investors are placing trust in the BOJ’s statements, right?
Today’s data schedule also includes flash PMI reports from Australia and Japan.
There is more yet to be revealed.
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