USD/JPY bulls eye a break of key daily resistance with US CPI eyed USDJPY CPI DollarIndex Fed Currencies
climb to fresh highs for the week. at the time of writing, USD/JPY is trading back to flat for the day at 132.35 but has travelled between a low of 132.06 and 132.87 the high for Tuesday and the week so far.which seems to have weighed on the US Dollar and US Treasury yields in the recent hours of the session. The 10-year yield is now down by 1.66% and meeting an hourly support structure near 3.563%.
''Indeed, we forecast a firm 0.3% MoM increase, as services inflation likely gained momentum. In terms of the headline, we expect CPI inflation to register a slight decline on an unrounded basis in December, but rounded up to flat MoM, as energy prices offered large relief again. Our MoM projections imply that headline and core CPI inflation likely lost speed on a YoY basis in December.
Such an outcome would take out the daily resistance and tie in with the bullish outlook for DXY as follows, where an M-formation is in play: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/JPY Price Analysis: Consolidation into US CPI, bulls on the prowlUSD/JPY is biased to the upside as per the following technical analysis that would marry with the two Federal Reserve official's comments on Monday th
Les mer »
USD/JPY bulls approach mid-132.00s despite downbeat US Treasury yieldsUSD/JPY picks up bids to 132.45 during early Wednesday’s sluggish trading as market sentiment appears cautiously optimistic. In doing so, the Yen pair
Les mer »
USD/JPY Price Analysis: Further downside hinges on 131.30 breakUSD/JPY holds lower ground near the intraday bottom surrounding 131.30 as bears flirt with the short-term key support during early Tuesday. In doing s
Les mer »
USD/JPY Price Analysis: Seesawed around 131.90s on mixed moodThe USD/JPY is almost flat as Monday’s New York session wanes, printing a doji preceded by a bearish engulfing candle pattern that failed to trigger d
Les mer »
USD/JPY slides below 132.00 despite mixed Tokyo Inflation data, focus on Fed Chair PowellUSD/JPY takes offers to refresh intraday low near 131.60 as it prints three-day downtrend even as the Tokyo inflation data fails to bolsters hawkish e
Les mer »
USD/JPY struggles for a firm direction, consolidates in a range around 132.00 markThe USD/JPY pair continues with its struggle to gain any meaningful traction and oscillates in a narrow trading range for the second successive day on
Les mer »