USD/JPY rose to 159.04 at the end of the week, marking the yen’s second consecutive weekly decline. The Japanese currency came under pressure after weaker inflation data reduced expectations of imminent Bank of Japan policy tightening. Core inflation in Japan slowed to 1.4% in April, down from 1.8% the previous month – the lowest level […]
The post USD/JPY: Second Consecutive Week Closes Higher appeared first on ActionForex.
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