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USD/JPY Forecast: Producer Prices from Japan v the US CPI Report

From fxempire.com

On Tuesday, producer prices from Japan drew investor interest. Producer prices rose by 0.2% year-over-year in January. Economists forecast producer prices to increase by 0.1% year-over-year in January. Producer prices remained unchanged year-over-year in December. A pickup in producer prices could signal an improving demand environment. Producers increase prices in a less competitive environment and pass costs onto consumers. A Bank of Japan pivot from negative rates could impact borrowing costs and reduce disposable income. A downward trend in disposable income could curb consumer spending and dampen demand-driven ... (full story)

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  • Category: Technical Analysis