Inflation figures from Japan had little influence on the broader markets, however, with COVID-19 and U.S stats providing direction early on. For the Japanese Yen Deflationary pressures persisted in May, with core consumer prices falling by 0.2% year-on-year, which was at the same pace as in April. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 2nd, 2020 USD/JPY Forex Technical Analysis – Closing Price Reversal Top Shifted Momentum to the Downside McDonald’s Halts Reopening U.S.