The USD/JPY pair trades on a weaker note near 146.20 during the early Asian session on Friday.
USD/JPY loses traction to near 146.20 in Wednesday’s early Asian session. Japan’s CPI inflation continued to rise in July, adding to expectations for another BoJ rate increase. Fed’s Collins said it will soon be appropriate to begin cutting rates. The Japanese Yen edges higher after the release of National Consumer Price Index inflation data and the Bank of Japan's Governor Kazuo Ueda’s speech.
Kansas CityFed President Jeff Schmid noted Thursday that he was looking more closely at the dynamics behind the increase in the unemployment rate and would let data guide his decision on whether to support a rate reduction next month. The attention will shift to the the Fed’s Powell speech later on Friday, which could give some hints about the US interest rate path.
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