Japanese Yen adds to modest intraday gains; USD/JPY slides below mid-144.00 amid softer USD

  • The Japanese Yen (JPY) builds on its intraday ascent, which, along with a modest US Dollar (USD) downtick, drags the USD/JPY pair back below mid-144.00s during the Asian session on Friday. Strong Household Spending data released earlier today from Japan revives Bank of Japan (BoJ) rate hike bets and provides a modest lift to the JPY.