Dollar, yen stable after Japanese inflation data

SINGAPORE, July 21 (Reuters) – The dollar and yen tumbled lower on Friday after data showed US labor market resilience could force the US Federal Reserve to hold interest rates longer, while core consumer inflation in Japan rose again in June.

The dollar index against a basket of six major currencies was stable at 100.75 until 08:03 Moscow time, while the Japanese yen held positions close to 140.11 against the US currency.

The Australian dollar was also weak, trading at $0.6781. Kiwi dropped 0.14% to $0.6226.

The euro rose 0.1% to $1.1139. The pound rose 0.13% to $1.2882.

The Swiss franc remained at USD 0.8661, against the euro it was close to 0.9649.

The yuan remained largely unchanged, trading at 7.17 to the dollar on the mainland and 7.1722 offshore.

The Turkish lira fell 0.4% to 26.84 to the dollar.

Cryptocurrencies rose: Bitcoin by 0.15% to USD 29,851, Ethereum by 0.17% to USD 1,894.8.

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(Ankur Banerjee in Singapore)


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