- Japanese Yen rebounds after Tokyo inflation data increases bets the Bank of Japan (BoJ) will tighten policy.
- The US Dollar loses traction after US inflation comes out in line with estimates.
- The USD/JPY remains in uptrend but price falling to key make-or-break trendline for short-term chart.
The Japanese Yen (JPY) has climbed against the US Dollar for most of Friday and looks likely to keep it that way into the weekly close. Registering a daily low of 149.4560, the USD/JPY has risen toward 149.60 in the last hour of the session.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased