The USD/JPY surged to a three-month high of 150.81 after the US Bureau of Labor Statistics (BLS) revealed that inflation in the United States (US) remains above the 3% threshold, although slowing down.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday, “chances are high for accommodative conditions to stay even if negative rates are abandoned.” Additional quotes Will pay heed to the health of BOJ balance sheet if exit from stimulus policy draws near.
The Japanese Yen (JPY) is seen oscillating in a narrow range against its American counterpart during the Asian session on Friday and consolidating the previous day's heavy losses to a fresh YTD low.