USD/JPY dips below 150.00 amid rising Tokyo inflation, while US core PCE remains unchanged

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• USD/JPY drops from daily high of 150.41 to 149.70s, down 0.40%, amid strengthening Yen.
• US core PCE for September at 3.7% YoY, with general inflation at 3.4%, both in line with estimates.
• Tokyo’s core inflation rose to 2.7% YoY, exceeding forecasts of 2.5%, while headline data rose above 3.3% YoY, above September’s 2.8%.

USD/JPY retreats from daily highs of 150.41 reached during the Asian session, extending its losses below the 150.00 figure after the Japanese Yen (JPY) strengthened, following an uptick in Japan’s inflation. Meanwhile, economic data in the United States (US) shows inflation appears to be stickier than expected, though sponsored a leg down in the major, toward the 149.60s area, down 0.45%.