Inflation data released from Japan during the Friday’s trading session was mixed, but this did not prevent the Japanese yen from rising against the US dollar and the euro.
Japan’s core Consumer Price Index was unchanged in January while experts had predicted a drop by 0.2%. Tokyo core CPI, on the other hand, edged down 0.1% while analysts had promised it to stay unchanged. The mixed data did not stop the yen from rising against its most liquid peers even though global fundamentals were favoring currencies associated with risk, not with safety.
USD/JPY ticked down from 112.99 to 112.84 as of 11:47 GMT today. EUR/JPY was down from the open of 124.49 to 124.33 after touching the high of 125.00 intraday.
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