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USD/JPY – Yen Shrugs Off Soft Inflation Data, US GDP Looms

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 27, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY has drifted throughout the week and the trend continues on Friday, as the pair trades at 109.60. On the release front, Japanese Tokyo Core CPI came in at -0.5%, weaker than the estimate of -0.4%. National Core CPI posted a decline of 0.3%, compared to the forecast of -0.4%.[​IMG]

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