The Japanese Yen (JPY) catches fresh bids during the Asian session on Thursday and rallies back closer to the top end of the weekly range against its American counterpart, though any further appreciating move still seems elusive.
Bank of Japan Executive Director Seiichi Shimizu made some comments on the central bank’s inflation target, in his speech following the Japanese Consumer Price Index (CPI) released on Tuesday.
The Japanese Yen (JPY) registered modest gains against its American counterpart on Tuesday and was underpinned by slightly stronger-than-expected domestic consumer inflation figures.