The US Dollar (USD) remains moderately bid against the Japanese Yen (JPY) on Friday, crawling up above 159.00, and nearing 160.00, allegedly the limit of tolerable JPY weakness for Tokyo.
Japan’s National Consumer Price Index (CPI) rose by 1.4% YoY in April, compared to the previous reading of 1.5%, according to the latest data released by the Japan Statistics Bureau on Friday.
The Euro (EUR) trades on the back foot against the US Dollar (USD) on Thursday, with EUR/USD easing from earlier intraday highs as price action remains driven by geopolitical headlines surrounding developments in the Middle East.