"US Dollar Slips in Thin Trade Following PCE Data"

The US dollar dipped after the PCE report, with the month-over-month core PCE reading closer to +0.2% than +0.4%. Despite a prior revision, the year-over-year reading captured core inflation at +2.5%. The dollar fell 15-20 pips across the board, possibly due to the lower unrounded number, relief over inflation not being higher, or holiday market randomness. USD/JPY also fell, potentially reflecting concerns about intervention from the Japanese ministry of finance. Holiday trading continues with upcoming speeches from Fed's Daly and Fed Chair Powell.