JPY rises on hot Tokyo CPI, dovish Fed bets
USD/JPY declines after two days of gains, trading around 157.90 during Asian hours on Friday. The Japanese Yen gained momentum following stronger-than-expected inflation data from Tokyo.
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Why: Hot Tokyo CPI data boosts JPY
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Prices since publication
At publication → CurrentJPY157.79 → 158.25+0.3%