USDJPY firm ahead of JP inflation data.

USDJPY is trading higher at 150.21 (0.38%), extending its gain ahead of today's Japanese inflation data due in just under an hour.

Headline inflation in September is expected to rise by 2.6% YoY a step down from 3% prior, with core CPI expected to rise by 2.4% YoY falling from 2.8% prior.

We prefer fading rallies in USD/JPY towards the 151/152 resistance area.