The Japanese Yen (JPY) adds to softer Tokyo CPI-inspired losses amid reduced bets for an early interest rate hike by the Bank of Japan (BoJ). This, along with a modest US Dollar (USD) strength, lifts the USD/JPY pair beyond the 154.00 mark heading into the European session on Friday. Japanese Yen remains depressed as softer Tokyo CPI tempers BoJ rate hike bets amid fiscal and political concernsA government report released earlier this Friday showed that the headline Consumer Price Index (CPI) in Tokyo – Japan's capital city – fell from 2.0% prior to 1.5% in January, marking its weakest reading since February 2022. Meanwhile, the US Dollar gets a minor lift amid rumors that Kevin Warsh will be the new Fed Chair, further lending support to the USD/JPY pair. hurdle is clearedThe 100-day Simple Moving Average (SMA) continues to rise to 153.98, while the USD/JPY pair holds just beneath it, keeping the near-term tone heavy against an otherwise upward-sloping trend filter.