The initial move after the Tokyo inflation data was for yen weakness:Tokyo February headline CPI +2.9% y/y vs. +3.2% expectedIn that post I made note that the weaker CPI reading fed through to a weaker yen as it takes off some pressure for nearer-term BoJ rate hikes. I've just printed out that post, torn it up, and flushed it down the toilet. Yen bouncing back:Since the CPI data we've had:Japan January retail sales +3.9% y/y (expected +4.0%)Japan January preliminary industrial output-1.1% m/m (vs. expected -1.2%)BoJ's Uchida says Japan's economy on a moderate recovery path - some weak spotsThere's not a lot there that appear to be the smoking gun for the yen bounce - I guess Uchida fits the bill more closely than the data. Let me know what you think in the comments. This article was written by Eamonn Sheridan at www.forexlive.com.