Yen slides as traders eye new US sanctions, CPI data

Group 1: Currency Movements - The U.S. dollar increased by 0.38% against the yen, reaching 152.525 yen, while the U.S. dollar index remained nearly flat at 98.925 [1] - The yen is under pressure due to new U.S. sanctions on Russian oil companies, which have contributed to rising oil prices [4][5] - Domestic factors, including the appointment of Sanae Takaichi as Japan's prime minister, are also impacting the yen, which is approaching a seven-month low of 153.29 yen per dollar [6] Group 2: Oil Market Dynamics - New U.S. sanctions on Rosneft and Lukoil have led to a nearly 5% increase in oil prices [4] - Chinese state oil majors have suspended purchases of seaborne Russian oil from the sanctioned companies, further boosting oil prices [5] - The rise in oil prices is affecting currencies tied to oil imports, particularly the yen, as Japan is a major oil importer [5] Group 3: Economic Indicators - The upcoming U.S. consumer inflation data is significant for assessing consumer spending and growth, despite the Federal Reserve's shift in focus to the labor market [2][3] - The inflation data will assist the U.S. Social Security Administration with its annual cost-of-living adjustment for 2026 [2]