The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook.
The AUD/JPY cross trades in negative territory near 114.00 during the early European session on Friday. Annual core Consumer Price Index (CPI) inflation in Tokyo stayed below the Bank of Japan's (BoJ) 2% target for a fourth consecutive month in May, data showed on Friday.
The EUR/USD pair posts modest gains near 1.1655 during the early Asian session on Friday. The Euro (EUR) strengthens against the US Dollar (USD) after reports that the United States (US) and Iran had reached an agreement to extend a ceasefire.