Ueda’s Comments Weigh On Yen As The Market Awaits U.S. CPI

News Snapshot:

plusphoto/iStock via Getty Images Overview The US CPI has become one of the most important high-frequency economic reports for the capital markets. The dollar (DXY, USDOLLAR) is going into the report narrowly mixed against the G10 currencies. Comments by BOJ Governor Ueda about the weakness in consumption of nondurable goods was seen by some as reducing the likelihood of a change in policy next week. The greenback is threatening to snap a five-day drop against the yen. Most of the G10 currencies are in narrow ranges ahead of the US CPI. Emerging market currencies are also mixed - Russia, Thailand,...