 Dollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in inflation rates. Additionally, robust spending growth appears set to continue bolstering the US economy, even as Fed is set to maintain higher interest rates for an for much longer. Attention is turning back to Japanese Yen for the last hours of the week, which continues its steep decline. During his post-meeting press conference, BoJ Governor Kazuo Ueda provided little support to stabilize Yen. Ueda mentioned that the central bank would consider raising interest rates if new data supports its latest price forecasts or if inflation exceeds expectations. However, he did not specify any clear timing for rate adjustments. Furthermore, Ueda dismissed the possibility of a comprehensive reduction in bond purchases at this stage. Regarding the exchange rate, Ueda remarked that the current weakness of the Yen has not significantly impacted the core inflation rates yet. He also noted that weak Yen could have some positive effects on demand which might influence core inflation in the medium to long term. The lack of heightened concern seems to indicate that it's not time for Japan to intervene yet... | 
