The USD/JPY continued to march on towards its June high of 145.00, after the initial dollar selling was bought in that aftermath of the inflation data. Dollar regains poise after CPI-inspired drop Following the release of US CPI, the US dollar initially sold off, while equities and gold rallied. But the small beat on the headline front wasn’t enough to cause a complete reversal in the trend. So, once the dust settled, the dollar found renewed support with the likes of the GBP/USD and EUR/USD giving back big chunks of their earlier gains, while gold relinquished its entire CPI-inspired gains. All told, CPI didn’t ... (full story)