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BoJ Survey: Households expect inflation to rise by average of 11.5% a year from now

A quarterly survey conducted by the Bank of Japan (BoJ) showed on Friday that “Japanese households expect inflation to rise by an average of 11.5% a year from now, with a median expectation of 10.0%.”

Additional takeaways

Japanese households expect inflation to rise by an average of 9.2% five years from now, with a median expectation of 5.0%.

85.7% of Japanese households expect prices to rise a year from now, compared with 85.6% in the previous survey.

82.5% of Japanese households expect prices to rise five years from now, compared to 83.6% in the previous survey.

 

EUR/USD softens below 1.0300 on ECB gradual rate cut bets

The EUR/USD pair weakens to near 1.0290 during the early European session on Friday.
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US Dollar Index moves above 109.00, upside potential seems limited due to dovish Fed

The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, halts its four-day losing streak, trading near 109.10 during the Asian hours on Friday.
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