CPI Catalyst Looms as USD/JPY Keeps Swinging on Fed Bets
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.
