The US Dollar is down against the Japanese Yen in the European trading session, trading below 148.50 levels.
The USD/JPY currency pair is trading lower in the European session, as the BoJ is expected to raise interest rates in 2025 and the FED to cut interest rates at least two times in 2025. In Japan, National Core CPI data for February (2.9% exp) will be released (23:30 GMT). In the US, Initial Jobless Claims (224k exp) and Philadelphia Fed Manufacturing data for March (8.8 exp) will be released (12:30 GMT).