Japanese Yen Third Strongest Currency on Friday

The Japanese yen was generally strong today, rising against the euro and various other most-traded peers, but was unable to beat the US dollar and the Great Britain pound.

Japan’s economic data released today was mixed. The core Consumer Price Index rose 0.9% in January from a year ago, the same as in the previous month, while experts had expected a bit smaller increase by 0.8%. The Services Producer Price Index rose 0.7% in January from the previous year, whereas specialists were counting on the same 0.8% rate of growth as in December.

USD/JPY was little changed at 106.75 as of 14:04 GMT today after rising to the high of 107.12 earlier. EUR/JPY declined from 131.60 to 131.32, trading near the lowest level since November 23.

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