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Japanese yen made a modest recovery today, bolstered by yet another month of robust consumer inflation data. However, this uptick in the currency was held back by strong risk-on sentiment prevalent in Japan, with Nikkei surging to a 33-year high. BoJ's continued commitment to its ultra-loose monetary policy also put a damper on yen's rise, securing its position as the weakest performer for the week - and by a significant margin at that. With the week drawing to a close, Euro and Swiss franc are trailing closely behind the Yen as underperformers, followed by Sterling. New Zealand Dollar stands as the week's strongest, receiving a slight boost from promising trade data released today. Canadian dollar, buoyed by earlier in the week's CPI data, anticipates the next move from retail sales figures due later today. Dollar maintains a firm stance, albeit lagging behind Kiwi and Loonie.
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