The USD/JPY is holding steady with a bullish lean for early Friday trading, teasing into the 147.650 region as the Japanese Yen (JPY) eases on softly-
figures for Japan to step back slightly, with the core CPI printing in line with the previous figure of 3.1%, beating the median forecast of a flat 3%.Friday's economic calendar isn't finished with the USD/JPY yet, with the Bank of Japan expected to give their latest inflation rate call. The BoJ is broadly forecast to keep their negative rate regime steady at -0.
The pair got knocked off an up-and-down pattern through the midweek, peaking near 148.50 before checking the plumbing at 147.30. The USD/JPY is now looking to stage a slow and steady recovery into the midrange after catching support from the 200-hour Simple Moving Average , and is facing descending technical resistance from the 100-hour SMA just north of 147.80.is enjoying a consistent bullish trend, rising steadily from early 2023's lows near the 128.00 major handle, with prices seeing steady support from a bullish 34-day Exponential Moving Average near 146.00.
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