Due to traders digesting Tokyo's July inflation data earlier, the yen fluctuated against other G10 currencies and Asian currencies in early trading. Marcel Thieliant, head of macro research for Asia Pacific at Capital Economics, said in a commentary that it is not yet clear how much importance the Bank of Japan attaches to Tokyo CPI and national CPI. However, Thieliant said that these data to some extent reduce the likelihood of the Bank of Japan raising interest rates at next week's meeting. The US dollar fell 0.19% against the yen to 153.66; the Australian dollar against the yen was unchanged at 100.68; the euro against the yen traded at 166.77.
凯投宏观：CPI数据在一定程度降低了日本央行的降息概率
CPI data has to some extent reduced the probability of the Bank of Japan cutting interest rates, according to Macro Kai-Tak.
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