[Japan Inflation Data to Be Released Friday, USD/JPY May Continue Trading Near Yearly Highs This Week] According to a report by Golden Finance on July 20, three members of the Commonwealth Bank of Australia's (CBA) Global Economics and Markets Research team pointed out in a research note that USD/JPY may continue to hover near its yearly high of 162.84 this week. Japan is set to release its inflation data this Friday, with the market's focus centered on this data. If the core inflation rate comes in weaker than expected, it could influence market expectations regarding the timing of the Bank of Japan's next rate hike, potentially pushing USD/JPY to the resistance level of its yearly high.