The Japanese yen has posted strong gains on Friday. In the North American session, USD/JPY is trading at 102.80. On the release front, Japanese consumer inflation and consumer spending indicators disappointed.
Thanks to an unenthusiastic foreign exchaneg investor reaction to the latest Federal Reserve rate decision the US Dollar has trended lower across the board, benefitting the Yen despite a decline in safe-haven demand.
The Japanese Yen was unmoved against its US counterpart following the release of a broad range of Japanese data including weak June inflation figures and a drop in household spending that bolstered calls for QE.
The Japanese yen has posted strong gains in the Tuesday session, as USD/JPY is trading at 104.30. On the release front, Japanese SPPI, which measures corporate inflation, posted a weak gain of 0.2%, within expectations.