Japanese Yen Strengthens as Tokyo CPI Rebounds

Tuesday, 5 March 2024, 01:56

The Japanese Yen (JPY) strengthened during the Asian session as consumer inflation in Tokyo rebounded from 22-month lows. Despite this positive data, Yen bulls are cautious due to the lack of USD buying activity.
https://store.livarava.com/79db7728-da9a-11ee-b8d3-5254a2021b2b.jpe
Japanese Yen Strengthens as Tokyo CPI Rebounds

Japanese Yen Bulls Stance

The Japanese Yen (JPY) ticks higher during the Asian session and reverses a part of the previous day's losses.

CPI Data Impact

Consumer inflation in Tokyo, Japan's capital city, rebounded from 22-month lows in February.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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