Japanese Yen Weakens Despite Inflation Accelerating (EWJ:NYSEARCA)

Japanese yen weakens despite inflation accelerating (EWJ:NYSEARCA)

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Japanese Yen weakens to near 152.50, traders brace for US CPI inflation release

The USD/JPY pair extends the rally to a two-week high near 152.65 during the early Asian session on Friday. The Japanese Yen (JPY) weakens against the US Dollar (USD) as traders weigh fresh US sanctions on Russian oil companies.

Yen slides, dollar gains broadly ahead of CPI data

The U.S. currency was last up 0.5% on the yen at 152.69 yen , while the euro was down 0.2% at $1.1589, largely in the middle of its recent range