USD/JPY spiraling around 108.35 in indecisive Friday markets

• Pacific-Asia markets keeping USD/JPY stuck in place.
• US CPI could spark Dollar moves  to cap off the week.

USD/JPY continues to cycle in the midrange between 108.00 and 109.00, currently testing 108.35 as easy-flowing Pacific markets await meaningful data from the upcoming EU and US market sessions to close out the trading week.

The Dollar-Yen pairing finds itself trading into levels that started the week, and although the Greenback has been showing weakness across the broader fx marketspace, USD/JPY continues to grind out sideways.

Japanese data has been thin this week, with Yen traders remaining cautious amidst geopolitical tensions through the Asian sector, but Friday delivers a key USD driver late in the day at 13:30 GMT, when US Core CPI drops on markets (forecast 2.2%, last 2.2%), and with the US Fed taking a notably dovish stance this week, investors will be keeping  a close  eye on US inflation data which could push the Federal Reserve off of interest rate hikes for 2019.

USD/JPY Technical Levels