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USD/JPY climbs toward 148.00 ahead of US CPI data
The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as rate expectations and tariffs continue to drive sentiment. With USD/JPY price action heading toward the 148.00 psychological level at the time of writing, attention is shifting to the release of US Consumer Price Index (CPI) data on Tuesday For the Bank of Japan (BoJ), low interest rates of 0.5% have continued to drive funds into higher-yield currencies such as the US Dollar. As the Federal Reserve (Fed) maintains rates within the current range of 4.25%-4.50%, yield differentials remain a prominent driver of the USD/JPY pair. ... (full story)