CPI Catalyst Looms as USD/JPY Keeps Swinging on Fed Bets
TL;DR
USD/JPY remains highly sensitive to US CPI data and Fed rate expectations, with carry-trade dynamics and periodic BoJ/US interventions driving swings; tomorrow’s CPI release could trigger another sizable move as traders reassess the odds of further Fed tightening. Past CPI-driven reversals around key levels show how inflation prints shape USD/JPY and the broader FX markets, underscoring CPI as a decisive near-term driver.
- USD/JPY Has Been a Big Mover on US CPI Data – Will Tomorrow Force a Repeat? FOREX.com
- Why the historic U.S.-Japan intervention has failed to halt the yen’s slide CNBC
- Bessent-Takaichi Split on BOJ Risks Undermining Joint Yen Rescue Bloomberg.com
- U.S. Treasury chief’s ‘whatever it takes’ vow to help yen masks limited firepower The Japan Times
- In trying to prop up the yen, the US wants to have its cake and eat it too Peterson Institute for International Economics
Want the full story? Read the original reporting
Read on FOREX.com