The USD/JPY pair ticks higher during the Asian session on Friday and reverses a part of the previous day's modest retracement slide from the vicinity
USD/JPY attracts some dip-buying on Friday, albeit lacks any strong follow-through. The divergent BoJ-Fed policy stance turns out to be a key factor acting as a tailwind. The risk-off mood undermines the JPY amid intervention fears and caps the upside. of the 150.00 psychological mark or over a two-week high. Spot prices currently trade around the 149.80-149.85 region, though lack any meaningful buying.
Adding to this, the National Core CPI, which excludes volatile fresh food prices, fell below the 3% mark for the first time in 13 months. That said, a bulk of the decline was led by government subsidies on electricity and gas prices, which were rolled out earlier this year. Moreover, a core reading that excludes both fresh food and fuel prices remains close to a 40-year peak and came in at a 4.2% YoY rate during the reported month.
France Dernières Nouvelles, France Actualités
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