The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen (JPY). However, the robust US economic data and any hawkish comments from the Federal Reserve (Fed) officials might cap the pair upside in the near term. The Bank of Japan (BoJ) will hold a meeting next week and it is expected to revise up its inflation forecast for this fiscal year in a quarterly report.
Japan’s inflation rate slowed in March, but remains above the central bank's 2% target, the Statistics Bureau of Japan reported on Friday. The year-on-year headline Consumer Price Index (CPI) for March climbed 2.7% YoY, followed by a 2.8% February increase. The Core CPI inflation, which excludes fresh food, rose 2.6% YoY in March from an increase of 2.8% in February, below the market consensus of 2.7%.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.