The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration. The stronger yen weighed Japanese exporters and pushed Tokyo stocks lower on Friday.

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration. The stronger yen weighed Japanese exporters and pushed Tokyo stocks lower on Friday.