Dollar-Yen Trades Steadily Ahead of US Inflation Data

The dollar-yen pair has been trading steadily around 153.40 in Tokyo foreign exchange markets, with market participants waiting for US inflation data releases this week.

With the Federal Open Market Committee meeting scheduled for next week, traders are taking a cautious approach, refraining from aggressive positioning as they assess the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) releases on the 10th and 11th, respectively.

The dollar-yen trading range narrowed slightly to 153.25-153.98 compared to the previous day's 152.88-154.37, indicating a decrease in volatility.