Japanese Yen remains muted following the latest inflation data

The Japanese Yen (JPY) remains stable following the release of the latest inflation data on Friday.

The Japan ese Yen remains silent after the release of mixed inflation data on Friday. Japan 's National Consumer Price Index held steady at 2.8% in June, remaining at the highest level since February. The US Dollar extends gains despite the dovish sentiment surrounding the Fed’s policy stance. The Japan ese Yen remains stable following the release of the latest inflation data on Friday. Japan 's National Consumer Price Index for June held steady at 2.

However, Trump also indicated that if re-elected, he would allow Powell to complete his term if he continued to do the right thing at the Federal Reserve. Data released on Tuesday showed that the Bank of Japan entered the foreign exchange market on consecutive trading days last Thursday and Friday. The current account balance data from the BoJ, released on Tuesday, indicates an anticipated liquidity drain of approximately ¥2.

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