Oddbean new post about | logout
 USD/JPY Plummets After US Inflation Misses Estimates
===============	
#7b7dea38 ver:0.28

The USD/JPY pair is consolidating near 161.50 as investors await US inflation data. The Japanese Yen remains weak despite speculation of intervention and uncertainty over Bank of Japan policy. The USD/JPY bullish trajectory remains strong, with resistance levels at 161.75, 162.30, and 163.00. The divergence in monetary policy between Japan and the US continues to undermine the JPY. The USD/JPY pair could reach 162.00 before a correction to 158.80 and another growth phase targeting 163.30. #USDJPY #inflation #monetarypolicy...

#newstr #Usd/jpy #UsInflation #InterestRates #JapaneseYen 

 https://here.news/story/7b7dea38?ver=0.28