-
Japanese Yen Steady After CPI Data, Looks Next to Trade War Risk
The Japanese Yen started Friday’s trading session only slightly affected by the release of local inflation data, holding steady against its US counterpart as anticipated. June’s national CPI was 0.7%, lower than economists’ forecasts of 0.8% and in line with May’s result. The gauge excluding fresh food matched forecasts, clocking in at 0.8%, a slight uptick from the prior 0.7%. The one further excluding energy was 0.2%, lower than both the 0.4% expected and 0.3%prior. Despite the narrow disappointment, the Yen barely moved as the Bank of Japan is unlikely to see the data as a reason to consider a change in ... (full story)