Yen Strengthens Slightly Ahead of Key Japanese Economic Data
The yen strengthens slightly against most G-10 and Asian currencies in the early Asian session ahead of key Japanese economic data due Friday.
Tokyo CPI is a good leading indicator of nation-wide CPI, CBA's Kristina Clifton says in a research report. Sustained stronger inflation in Japan could encourage markets to more fully price in a 25bp rate increase by the Bank of Japan in July, says the member of CBA's Global Economic & Markets Research team.
USD/JPY is 0.1% lower at 149.01; AUD/JPY edges down 0.1% to 93.94; EUR/JPY is 0.1% lower at 156.21.
Source: Marketwatch