Investing.com - The Japanese yen held stronger in Asia on Friday after an increase in unemployment and lower than expected consumer prices for January with data on industrial output and retail sales still ahead.
The BoJ's Deputy Governor, Governor Hiroshi Nakaso opined that Japan was back on a continued growth track and remained upbeat on achieving the central bank's inflation target of 2%, amid improvement in the nation's labour markets and increasing ...
For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 119.68. In the Asian session, at GMT0400, the pair is trading at 119.83, with the USD trading 0.12% higher from yesterday's close.
The Japanese yen has posted small gains on Tuesday, as USD/JPY trades in the high-118 range. On the release front, there are no Japanese releases on Tuesday, but we'll get a look at the BOJ policy statement early on Wednesday.