Golden Finance reported that according to Informa Global Markets, the US headline CPI slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. The core inflation rate remained at 3.2%, which was also in line with expectations. The market noted that the higher than expected core inflation rate was 0.3% on a monthly basis, which prompted the USD/JPY to rise from 141.80 to 142.35. The data supports the Fed's 25 basis point rate cut next week and should rule out the possibility of a larger 50 basis point rate cut.