24/11/2011
JPY- Japan CPI- Consumer Price Index, the main measure of inflation, Thurs., Nov. 24, 6:30 pm, ET.
Inflationary pressures in Japan are expected to register a slight 0.1% m/m drop in October from 0.2% in September, but when it comes to Japan, a lot more interesting is the situation with the yen and its persistent strength. With the U.S. dollar giving away almost all of its post-intervention gains and approaching previous record lows, it would be prudent to place the yen on an intervention watch once again.