Authorities Eyeing Reversal in USD/JPY, Focus on US Producer Price Index
Yesterday’s release of the US Consumer Price Index (CPI) proved to be more eventful than expected. The year-over-year CPI rose by +3.0%, and the core CPI increased by +3.3%, indicating a sharper-than-expected slowdown in inflation. This led to a rapid decline in US bond yields and a strong wave of USD selling. Following the initial […]
Today, the focus is on the US Producer Price Index (PPI) and the ECB Governing Council announcement, which may clarify the trend for the USD.
Yesterday, following an upside surprise in the US Consumer Price Index (CPI), there was a significant surge in USD buying. USDJPY clearly rose above the 152 yen level and extended to the 153 yen level. Currently, it’s facing some selling pressure around the 153 yen level but hasn’t experienced significant downside. Meanwhile, EURUSD dropped to […]
Dollar Strength and Yen Weakness Continue, Limited Movement Ahead of the Weekend
The trend of the strengthening US dollar that began at the start of the year accelerated after the release of the US Consumer Price Index (CPI) yesterday, briefly reaching 146.41 yen. However, it pulled back to pre-CPI levels and experienced a strengthening of the yen in Tokyo on the morning of the 12th, reaching 144.85 […]
The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations.
The November US producer price index rose 7.4% year-on-year and the core price rose 6.2% year-on-year, both of which exceeded market expectations. The previous figures were also revised upwards to +8.1% from the previous year and core to +6.8% from the previous year. As a result, the 10-year U.S. Treasury yield jumped from around 3.46% […]