The Japanese yen traded flat against major currencies on [Date] after national core CPI, which excludes fresh food prices, rose [X]% year-on-year in line with market expectations. The limited reaction suggests investors had already priced in the inflation data, leaving the Bank of Japan (BOJ), Japan’s central bank, as the main focus. The yen remains pressured by the interest-rate differential between Japan and economies such as the United States, where the Federal Reserve has signaled that rates may stay higher for longer. Traders are watching for changes in BOJ rhetoric, U.S. economic data and possible intervention by Japanese authorities. USD/JPY remains an important gauge of regional risk sentiment because sustained moves can affect Asian equities and carry trades, which seek returns from borrowing in lower-yielding currencies. As of [Date], the yen is likely to remain range-bound until new catalysts emerge.