Yen firms and crypto markets pause after Tokyo inflation accelerates in September
CIE News ·
Tokyo consumer inflation accelerated in September, pushing USD/JPY below 158.00 while crypto markets consolidated ahead of the release of United States employment figures.
Consumer price growth in Tokyo accelerated in September, prompting USD/JPY to slide below the 158.00 mark as markets weighed potential Bank of Japan rate increases toward a 2.00% cycle ceiling and possible currency intervention, according to tradingpedia.com. In digital asset markets, Bitcoin (BTC) changed hands around $85,928 as crypto traders adopted a cautious stance ahead of the United States Non-Farm Payrolls release, coingabbar.com reported. Traders are watching whether employment figures deviate from the consensus of 89,000 to 90,000 jobs, which could influence Federal Reserve interest rate policy and broader risk appetite.