View full page at forexfactory.com

 

USD/JPY treading water near 148.60 as investors sniff out US inflation figures

From fxstreet.com

The US Dollar (USD) held mostly flat against the Japenese Yen (JPY) on Tuesday with a little bit of wiggle, and the USD/JPY pair is headed into the Wednesday market session trading near 148.60. With little meaningful data slated for the economic calendar from Japan this week, it's all about US inflation numbers heading into the midweek. US Producer Price Index (PPI) figures due Wednesday could see a dogpile into the US Dollar if the release sees a firm surprise to the upside. With markets easing back expectations of additional rate hikes from the Federal Reserve (Fed), a sudden uptick in inflationary figures would ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis