USD/JPY hints at double top ahead of US inflation: Asian Open
From cityindex.com
US inflation is the key metric on trader’s radars over the next 24 hours, and that leaves the risk of no appetite for risk and low levels of volatility in today’s Asian session. Core CPI is expected to have risen 0.3% m/m in December (as it did in November) which is above its long-term average of 0.28%. And whilst core CPI y/y is expected to slow to 3.8% y/y – its lowest level since September 2021 – headline CPI is expected to increase to 0.2% m/m (from 0.1% prior) and 3.2% y/y (from 3.1% prior). With Fed fund futures effectively pricing in for the Fed to hold rate at their late-January meeting, today’s report is ...
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