Ella 
USD/JPY continues to fluctuate around the main mark of 150.00. USD/JPY failed to achieve a clear breakthrough after hitting 150.16 in early October and has now fallen into a tense position pattern.
The Bank of Japan (BoJ) continues to worry that Japan’s inflation will return to deflationary levels in the future, and consumers and investors continue to call on the Bank of Japan to take measures to protect consumers from the impact of inflation that is currently eroding citizens’ purchasing power.
USD/JPY: Japanese officials will intervene sooner rather than later – Bank of Tokyo-Mitsubishi UFJ
U.S. Purchasing Managers’ Index (PMI) data released on Tuesday was completely better than expected, keeping the dollar’s strong gains as U.S. economic growth indicators continue to strengthen. The U.S. Purchasing Managers Index (PMI) came in above expectations, recording 50.0, up from the previous reading of 49.8.
Yen traders will focus on Japan’s Tokyo Consumer Price Index inflation data due early on Friday, with Tokyo’s core inflation – headline inflation excluding food price fluctuations – expected to stabilize at 2.5% this October.
Headline inflation in Tokyo was at an annual rate of 2.8% in September and the Bank of Japan will seek evidence that inflation will not fall below the central bank’s 2% minimum target.
