USD/JPY near 159.36 ahead of US CPI data release
The Japanese Yen trades cautiously against the US Dollar, with the USD/JPY edging up to near 159.36.
The pair’s movement is expected to be influenced by the upcoming US Consumer Price Index data.
Market expectations for the US inflation release remain modest, with consensus pointing to 0.1% month-on-month for headline and 0.2% for core.
The US Dollar Index trades marginally higher to near 99.86, hovering near a key range.