The Japanese Yen (JPY) rebounds against the US Dollar (USD)on Friday, as the Greenback trims earlier gains after softer-than-expected US inflation data. At the time of writing, USD/JPY is trading near 152.85, easing from an intraday high of 153.78 and remains on track to post solid weekly losses of nearly 2.7%. US inflation data for January came in slightly softer than expected overall, while core inflation broadly matched forecasts. Headline CPI rose 0.2% MoM, below the 0.3% forecast and slowing from 0.3% in December. On a yearly basis, CPI eased to 2.4% YoY, missing expectations of 2.5% and down from 2.7% in … (full story)
