Three members of the Commonwealth Bank of Australia's Global Economics and Market Research Department said in a research report that the US dollar is expected to continue trading around its high of 162.84 yen during the year this week. The members pointed out that the focus is on Japan's inflation data released this Friday. These members said, “Weaker-than-expected core inflation may delay expectations about the timing of the Bank of Japan's next policy tightening. “They added that this could push the USD/JPY upward to break through the resistance level that was high during the year.

Three members of the Commonwealth Bank of Australia's Global Economics and Market Research Department said in a research report that the US dollar is expected to continue trading around its high of 162.84 yen during the year this week. The members pointed out that the focus is on Japan's inflation data released this Friday. These members said, “Weaker-than-expected core inflation may delay expectations about the timing of the Bank of Japan's next policy tightening. “They added that this could push the USD/JPY upward to break through the resistance level that was high during the year.