By way of context, headline PPI clocked in at 0.9% y-o-y, one-tenth of a percentage point above estimates. Similarly, the core gauge surprised on the upside, reaching 2.0% y-o-y compared to the anticipated 1.6%, indicating a potential reacceleration in wholesaleis headed over the coming months? Uncover the insights in our quarterly trading guide.
Focusing on possible scenarios, if USD/JPY deviates from its upward trajectory and turns lower, initial support appears around 150.00, followed by 148.90. From here onwards, additional losses could usher in a move towards 147.40.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Steadies After Last Week’s Gains As Market Mulls BOJ PathThe Japanese Yen has been more stable than most in the face of a broadly stronger Dollar, with the prospect of tighter BoJ policy underpinning it
Source: DailyFX - 🏆 305. / 63 Read more »
EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to RecoveryEUR/USD rises for a second consecutive day after weak US retail sales data, but its recovery could be derailed if the upcoming US PPI report shows limited progress on disinflation.
Source: DailyFX - 🏆 305. / 63 Read more »
Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPYThis article examines the short-term technical outlook for the Japanese yen, focusing on three popular and highly liquid currency pairs: USD/JPY, EUR/JPY and GBP/JPY.
Source: DailyFX - 🏆 305. / 63 Read more »
Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPYThis article focuses on the technical outlook for USD/JPY, EUR/JPY and GBP/JPY. The piece also assesses key price levels that should be on every currency trader’s radar, discussing their potential roles as support or resistance in the coming days.
Source: DailyFX - 🏆 305. / 63 Read more »
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action SetupsNext week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release
Source: DailyFX - 🏆 305. / 63 Read more »
US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USDThis article examines the technical outlook for gold prices, USD/JPY and GBP/USD ahead the U.S. inflation report, examining possible scenarios that could play out over the coming days.
Source: DailyFX - 🏆 305. / 63 Read more »