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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)

JPY is always weak. No strength against any pair. It's a shame
Quoting frioslegend
JPY is always weak. No strength against any pair. It's a shame
you're technically right. however when the yen strength does come, it's going to be quick and drastic. most yen crosses are nearing highs from the past 1-2 years. if there was any strength or changing of direction, it would be somewhere close to where they are now.
Should I buy USDJPY for CPI?
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