# Japanese Yen extends its steady intraday descent against USD; US PCE data in focus

> The yen weakened against the dollar on Friday after BoJ Governor Kazuo Ueda said underlying inflation remained somewhat below 2%. Tokyo consumer prices rose in January, and markets awaited US PCE inflation data.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/26741-japanese-yen-extends-its-steady-intraday-descent-against-usd-us-pce-data-in
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen and dollar moves driven by rate expectations have little direct effect on feed commodity prices. The main channel for feed buyers is the broader dollar index.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-remains-on-the-front-foot-against-usd-after-tokyo-cpi-202501310224

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.