Inflation in Japan, excluding prices for food products, has increased above the average market expectations by 3.1 percent. This data contributed to the increased profitability of the obligations in the secondary market, as the market evaluates the likelihood of a more significant increase in rates by the Bank of Japan in connection with rising inflationary pressures. The euro rose by 0.8 percent overnight and strengthened in Asia, holding at 1.0498 dollars.
According to the data published on Friday, the core inflation of consumer prices in Japan reached 3.2 percent in January, which is the fastest pace in 19 months. This prompted expectations that the Bank of Japan will continue to raise rates from their still low levels. The yen reached the highest level in half a month on Friday after the rise in inflation in Japan, during which the dollar is expected to decline in the third week, as traders are increasingly convinced that the noise around customs duties at the beginning of the second term of Donald Trump was mostly just empty rumors. The yen reached a resistance level at 150 yen per dollar at the previous session and continued to rise to 149.285 yen per dollar in Asia this morning after core inflation demonstrated the fastest growth in 19 months in January.
According to the data, the indicator, differentiated...
