The USD/JPY pair attracts some buyers to near 145.20 on Friday during the early Asian session.
USD/JPY gather strength around 145.20in Friday’s early Asian session, gaining 0.26% on the day. Tokyo CPI rose 2.2% YoY in September vs. a 2.6% rise prior. The US August core PCE data will be closely monitored. The USD/JPY pair attracts some buyers to near 145.20on Friday during the early Asian session. The pair gains ground near three-week highs after the Tokyo ConsumerPrice Index.
Market players will closely watch the release of the US August core Personal Consumption Expenditures Price Index, the Fed’s preferred inflation indicator, on Friday for fresh impetus. A surprise upside inflation reading could dampen the rate-cut hopes for the November meeting and provide some support to the US Dollar . Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies.
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