Japan Large Retailer Sales rose from previous 1% to 2% in July

Aug 29, 2025

USD/JPY weakens below 147.00 after Japan’s Tokyo CPI inflation data

The USD/JPY pair loses ground to near 146.85 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the release of Japan’s Tokyo August Consumer Price Index report.

UK’s Reeves could raise revenues by imposing a windfall tax on banks — Bloomberg

UK Chancellor of the Exchequer Rachel Reeves could boost revenues by imposing a windfall tax on commercial lenders to recover the profits they are making from taxpayers on deposits held at the Bank of England (BoE), Bloomberg reported on Friday.