• USD/JPY dips following February's Core PCE data, indicating a gradual cooling of inflation but concerns linger.
• Fed officials maintain a cautious outlook on rate cuts, awaiting further evidence of sustained disinflationary trends.
• Market awaits insights from Fed Chair Powell and other Fed speakers.

The USD/JPY posts  minuscule losses following the release of the US Core Personal Consumption Expenditure (PCE) price index, the US Federal Reserve’s preferred inflation gauge. Data came as expected with prices continuing to trend lower, though at a slower pace. The major trades at 151.25, down 0.09%.