Golden Finance reports that according to Informa Global Markets analysis, the US August overall Consumer Price Index (CPI) was down year-on-year to 2.5%, in line with market expectations, which is the lowest level since February 2021. The core inflation annual rate remained at 3.2%, consistent with forecasts. However, the performance of the core inflation MoM exceeded expectations, recording 0.3%. This data pushed the USD/JPY exchange rate from 141.80 to 142.35. Market interpretation suggests that such data strengthens the possibility of the Fed cutting rates by 25 basis points next week and reduces expectations for a larger cut of 50 basis points.