The Japanese yen rose against the US dollar but fell versus other most-traded currencies today after the release of inflation data.
Japan’s core Consumer Price Index was up 0.9% in December from a year ago, the same as in November and in line with market expectations. The Tokyo core CPI rose 0.7% in January, while experts had expected the same 0.8% as in December. Bank of Japan Governor Haruhiko Kuroda will speak at the World Economic Forum in Davos as of 14:00 GMT today, and his comments may have a significant impact on the currency.
USD/JPY fell from 109.41 to 109.04 as of 11:18 GMT today. At the same time, EUR/JPY rose from 135.61 to 135.87.
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