Forex news for Asia trading Friday 25 November 2016
The yen weakened again today here in Asia, with USD/JPY pushing higher through its overnight high and above 113.80 at one stage. Japanese inflation data came in, on balance, slightly higher than was expected and slightly ahead of the previous month, but it is still very low and today’s data is unlikely to take any pressure off the Bank of Japan to maintain accommodative policy. (Oh, and stay tuned for more inflation data from Japan, the Bank of Japan’s own measure will be announced at 0500GMT.)