Persistent USD strength against JPY seen in Q4 '24 is easing. Hawkish speeches from BoJ officials coupled with a softer US core CPI print put an interim ceiling on USD strength against JPY.

The yen was the biggest major mover on the dollar overnight, rising about 1% and extending gains in Asia, as inflation relief ...

The yen consolidated against G-10 and Asian currencies in the morning session but may be supported by growing BOJ rate-increase expectations.

In Asia, data set for release includes producer prices in Japan, employment in Australia and a rate decision in South Korea. Bank of Korea is expected to cut borrowing costs 25 basis points to 2.75%.