The yen recovered some ground after Japan’s wholesale inflation data showed prices rose 7.6% year-on-year in August

Asian currencies were mostly subdued on Friday, while the yen weakened for a second day ahead of central bank decisions next week.

The yen’s USD/JPY pair was around 154.34, leaving the dollar 1.2% higher against the yen this week. Still, the pair is down more than 3% over the past month after the yen’s sharp rally earlier in September.

Brent crude gained 1.2% to $108.96 a barrel in early Asian trading, extending a six-day rally as renewed Middle East tensions raised concerns about energy supply disruptions.

The yen recovered some ground after Japan’s wholesale inflation data showed prices rose 7.6% year-on-year in August, faster than economists had expected. The data reinforced expectations that the BOJ will raise rates next week.

The BOJ is widely expected to lift its policy rate by 25 basis points to 1.25% at its September 17-18 meeting.

DBS expects a 25-basis-point hike but sees the BOJ signalling a flexible pace of tightening rather than committing to rapid successive increases.

That leaves the yen sensitive to the BOJ’s guidance, particularly after the USD/JPY pair’s sharp decline over the past month.

Other Asian currencies showed mixed weekly moves. The USD/AUD pair is up around 0.6% this week, implying a weaker Australian dollar, while the New Zealand dollar has firmed recently.

The USD/CNH and USD/CNY pairs were broadly flat on the week.

The USD/SGD pair was also largely unchanged, while the USD/KRW pair was little changed despite a stronger won in Friday trading.

The USD/INR pair was near 95.67 after the rupee came under pressure from the surge in oil prices this week.

Next week brings several important Asia data releases. India is due to report August CPI, exports and imports on Monday.

China’s August retail sales, industrial production and fixed-asset investment are due Tuesday, followed by Japan’s August trade data on Wednesday.