USD/JPY appears to be bouncing back ahead of the monthly low (144.45) as it retraces the decline from the start of the week, and the exchange rate may stage further attempts to test the November 2022 high (148.83) should the US Consumer Price Index (CPI) show sticky inflation. US Dollar Forecast: USD/JPY Rebounds with US CPI on Tap USD/JPY consolidates after registering a fresh yearly high (147.88) during the previous week, and developments coming out of the US may sway the exchange rate as the Bank of Japan (BoJ) sticks to Quantitative and Qualitative Easing (QQE) with Yield Curve Control (YCC). Recent remarks by ... (full story)