...Japan's Tokyo Core CPI has also bottomed, rising 2.2% vs 2.0%...

...Japan's Tokyo Core CPI has also bottomed, rising 2.2% vs 2.0% est and up from 1.8% previous month.

...at some point, BoJ would have to consider raising rates with Yen recently reflecting that prospect, rising 2.88% against USD from 155 to 150Y.

...a replay of reversal of yen carry trade can't be completely ruled out.

The Fed's preferred measure of inflation (Core PCE) moved up to 2.8% in October, the highest reading since April.

https://x.com/charliebilello/status/1861790444096553408