ForexLive Asia-Pacific FX news wrap: USD/JPY popped higher, Suzuki sent it back down

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USD/JPY
and yen crosses traded higher today. We had December inflation data
from Japan with all three of the major indicators dribbling a little
lower from November but all remaining above the Bank of Japan’s 2%
inflation target.
</p><p>USD/JPY
topped out just shy of 148.50. Japan’s finance minister dropped a
few comments into the mix. These were fairly mild verbal intervention
comments but they impacted by sending USD/JPY back down towards
148.20. As I post its stabilised somewhat around 148.30.
</p><p>The
US dollar lost some ground more widely. Ranges were not large but
EUR, AUD, GBP added points. USD/CAD is little changed while NZD/USD
traded higher but has given it all back. The kiwi $ is lower on the
week.
</p><p>Chinese
stock markets showed a little stability today after the recent
renewed rout. The country's largest stockbroker has placed
restrictions on short sales after ‘guidance’ from authorities.
</p>

This article was written by Eamonn Sheridan at www.forexlive.com.