The USD/JPY came off its earlier highs on Friday after rising to a new multi-decade high above 161 handle. There was no intervention to be seen despite officials from Japan again threatening to do so. This kept the pressure on the yen against all other major currencies. Is so far as the USD/JPY is concerned, there was some attention on the May Core PCE index. But this data failed to move the markets much as it was bang in line with the estimates. More US economic data is to come in the next couple of weeks, with the June non-farm jobs report due on Friday, followed by the CPI report on July 11. But this weekend, ... (full story)