Dollar Firm Ahead of PCE Numbers, Briefly Pokes Head Above 145 Yen

Dollar Firm Ahead of PCE Numbers, Briefly Pokes Head Above 145 Yen
A Japan yen note is seen in this illustration photo taken on June 1, 2017. Thomas White/Reuters
Reuters
Updated:

SINGAPORE/LONDON—The yen briefly weakened past the closely watched 145 per dollar level on Friday although traders’ fears of intervention by Japanese authorities kept it in check, while the dollar was also strong more broadly ahead of U.S. inflation data.

Barring unexpected interventions, the day’s main event for FX markets is the U.S. personal consumption expenditure price index, which will be released at 0830 EDT (1230 GMT) and will give the latest indicator of whether prices are slowing in the world’s largest economy.