Dollar-yen traded in a narrow range around 153.40 during the afternoon of the 9th in Tokyo, with the day’s range running from 153.25 to 153.98. Activity was restrained ahead of the Producer Price Index (PPI), due on the 10th, and Consumer Price Index (CPI), due on the 11th, as well as next week’s Federal Open Market Committee (FOMC) meeting. The pair’s range narrowed from 152.88 to 154.37 on the 8th, while EUR/JPY and Euro-Dollar also moved within tight ranges without clear direction. Market participants are focused on US inflation data because the results could prompt revisions to expectations for the timing and pace of interest-rate cuts.