The US Dollar bounced back for a second straight session against a six-month Japanese Yen against the Japanese Yen

The US dollar fluctuated in a narrow range towards the Asian session to see its rebound at its second-highest session since Jan. 9 against the Japanese yen as a result of economic developments and data that followed the Japanese economy in the middle of tight economic data on Friday. The largest economy in the world.

At 5:56 GMT, the pair was down 0.14% to 112.31 from opening levels at 112.47 after hitting the lowest level at 112.21, while the most up to 112.62.

We followed the Japanese economy with the annual reading of the CPI, which showed stable growth of 0.7%, unchanged from the previous year's May reading , contrary to forecasts which indicated the acceleration of growth to 0.8%, while the annual reading of the same index excludes an accelerated growth of fresh foods to 0.8% in line with expectations, against 0.7% at the same time. from the previous annual reading.

In the same context, the annual reading of the CPI excludes fresh food and fuel slowed growth to 0.2% against 0.3% in May, contrary to forecasts that accelerated growth at 0.4%, before seeing Revealed an index reading of all industrial activities, which showed a slowdown in growth to 0.1% from 1.0% in April, contrary to expectations that have indicated stability at zero levels.

It has been hours since the Bank of Japan cut back its purchases of government bonds for a period of 25-40 years, with the Japanese central bank offering bonds worth about $ 60 billion. yen, against 70 billion yen The Japanese central bank has reduced its purchases of bonds for 10 to 25 years, buying 180 billion yen, instead of buying 190 billion yen last week.

On the other hand, US President Donald Trump said Thursday in an interview on CNBC television that interest rates were putting the US in the dark and that the strong dollar was putting the United States in a bad and bad dollar. "Yuan" fell like a rock, adding that I am not happy with the high interest rates, the Fed governor a good man.

Trump expressed his dissatisfaction with continuing to raise interest on federal funds, explaining that the strength of the US dollar limits the competitiveness of the United States, saying that Federal Reserve Governor Jerome Powell is a good man. Letting the Fed do what it deems best for the United States, has weighed on the performance of the US dollar, with the pricing of the markets as it is an intervention and prefiguring a war currencies.

Commenting on US President Trump's remarks, White House spokeswoman Sarah Huckabee Sanders said that President Trump was not interfering in the Fed's affairs and that he respected the Federal Reserve independence. Federal Reserve Governor Jerome Powell on monetary policy before Congress, which has increased the chances of raising interest rates on federal funds four times this year.

Powell told the Senate Banking, Housing and Urban Affairs Committee before the House Financial Services Committee on Tuesday that the data reflect the strength of economic growth this year. Inflation, believing that it is difficult to predict the effects of trade decisions and boost growth by fiscal policy.