Inflation in Japan remains more attached than expected, and threatens encryption prices

Just when it seems to intimidate the yen can relieve, Japan reported a rise in basic inflation.

The data released early on Friday showed The basic inflation in Japan, which cuts the prices of fresh food, increased by 3 % on an annual basis in February, which led to an amendment of 3.2 % in January, but defeated consensus expectations by 2.9 %. The main consumer price index decreased to 3.7 % from 4 %.

In general, both the tons remained much higher than the target of inflation in the Bank of Japan by 2 %, which led to the health of the Central Bank President Haroko Coroda a permit From victory over decades of shrinkage. It is worth noting, since November, the main inflation in Japan has been hotter than the United States – at least 100 BPS (BPS) above now.

Polite inflation, as well as high wages from Shunto, has strengthened calls for a high rate of BOJ. In other words, the potential Jin gathering, known for destabilizing the origins of risk, including cryptocurrencies, returned to the table.

As of the writing of this way, the dollar (US dollar/JPY) was traded at 149.22, after she wore approximately 300 points in a sign of the renewed twice the renewed yen since March 11, according to the TrainingView data source.

However, the spread of bonds of narrowing or a decrease in the spread of bonds in Japan for a period of 10 years supports the strength of the yen. The Japanese returns were rising through the curve, as it provides emerging signals for the yen. As of the writing of this report, the revenue of the bonds in Japan for 10 years was more than 1.5 %, and the return for 30 years was above 2.5 %, both at the highest levels of nodes.

The renewable strength of the yen can be translated into aversion to risk, which we saw in August last year.