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USD/JPY post-NFP recovery puts US CPI in focus
USD/JPY snaps the series of lower highs and lows from earlier this week amid the larger-than-expected rise in US Non-Farm Payrolls (NFP), and data prints coming out of the US may continue to sway the exchange rate as the update to the Consumer Price Index (CPI) is anticipated to show sticky inflation. USD/JPY post-NFP recovery puts US CPI in focus USD/JPY appeared to be reversing course following the failed attempt to test the March high (137.91), with the Relative Strength Index (RSI) reflecting a similar dynamic as it reversed ahead of overbought territory. However, USD/JPY retraces the decline following the ... (full story)
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