๐ February 13 โ Focus on US CPI! Will the Yen Selling Trend Continue?
โ Key Market Developments Today
๐ USD/JPY Rebounds to 153 Level, Yen Selling Prevails
- The Yen-buying trend (Trump tariffs & BoJ rate hike speculation) that persisted last week has paused.
- US bond yields rise & hawkish remarks from Fed Chair Powell โ USD buying strengthens.
- The market is becoming more resilient to Trump tariffs, limiting risk-off Yen buying.
๐ US CPI โ The Key Event Tonight!
- Market Expectations:
- Headline CPI YoY: +2.9% (same as previous)
- Core CPI YoY: +3.1% (slowing from previous +3.2%)
- MoM Changes: Headline +0.3% (down from +0.4%), Core +0.3% (up from +0.2%)
- Key Points:
- If inflation slows โ Stronger Fed rate-cut expectations โ USD selling.
- If inflation accelerates โ Fed rate cuts less likely โ USD buying strengthens.
๐ Gold (XAU/USD) & Crude Oil (WTI) Also Gaining
- Concerns over trade wars โ Safe-haven demand drives capital inflows.
- Gold is eyeing $2,750, while crude oil is awaiting direction from the OPEC report.
๐ Trading Strategies Going Forward
๐ฏ 1. USD/JPY
๐ Outlook: Volatility expected based on CPI results
๐ Strategy:
- If inflation rises โ USD bullish โ Targeting 153.50โ154.00
- If inflation slows โ USD bearish โ Eyeing a break below 152.00
๐ฏ 2. EUR/USD
๐ Outlook: Bearish bias
๐ Strategy:
- ECBโs dovish stance continues to weigh on the Euro.
- Entry Point: Sell at 1.0350โ1.0380
- Target: 1.0250โ1.0200
๐ฏ 3. Gold (XAU/USD)
๐ Outlook: Uptrend continues
๐ Strategy:
- Entry Point: Buy on dips at 2725โ2730
- Target: 2750โ2760
๐ฏ 4. EUR/JPY
๐ Outlook: Sell on rallies
๐ Strategy:
- Entry Point: Sell at 157.00โ157.50
- Target: 155.50โ154.50
๐ Key Events to Watch
๐
February 13 (Wednesday) โ US CPI Release
โ Major market-moving event!
๐
February 17-18 (Monday-Tuesday) โ RBA Policy Meeting
โ Significant impact on AUD movement.
๐ข Other Key Events Today:
- Fed Chair Powellโs Testimony (House Financial Services Committee)
- OPEC Monthly Report Release
- US 10-Year Treasury Auction ($42 billion)
- Bank of Canada Meeting Minutes (Jan 29)
๐ข The US CPI release tonight has the potential to reshape market trends! Stay sharp and trade strategically! ๐ฅ
