USD/JPY slips back to 155.00 as Greenback weakens following soft US CPI inflation

USD/JPY easing back, US Dollar sees broad-market selling pressure. US CPI inflation ticked lower, sparking rate cut hopes. Japanese GDP in the barrel for early Thursday. USD/JPY eased on Wednesday, backsliding into the 155.00 handle after the US Dollar eased across the board, shedding weight against all of its major currency peers. The Japanese Yen is also finding a reprieve from broad-market selling pressure, recovering ground as the Greenback recedes.

USD/JPY technical outlook USD/JPY knocked sharply lower on Wednesday, tumbling from the week’s highs near 156.80 to trade at the 155.00 handle. Despite the near-term decline sparked by a relief rally in the Yen, USD/JPY is still trading on the high side of a recent swing low into 152.00 after the pair fell from multi-decade highs above 160.00. USD/JPY is still trading firmly in bull country, holding chart paper north of the 200-day Exponential Moving Average at 148.44.

CPI GDP

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.

Strong risk of intervention to protect USD/JPY pushing through 155Analysts at Rabobank share a brief outlook for the USD/JPY pair.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY Targets Breakout Above 155 as BoJ Decision LoomsForex Analysis by Fawad Razaqzada covering: USD/JPY, USD/CHF, Microsoft Corporation, Alphabet Inc Class A. Read Fawad Razaqzada's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

USD/JPY trades with mild losses below 155.00 on risk-aversionThe USD/JPY pair trades with mild losses near 154.65 on Wednesday during the early Asian trading hours.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY extends upside to 155.00 amid caution ahead of US data, BoJ policyThe USD/JPY pair advances to historic highs of 155.00 in Wednesday’s London session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY finds support near 155.00 after plunging due to probable Japan’s interventionThe USD/JPY finds provisional support near 155.00 in Monday’s early American session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY Price Analysis: Eyes 155.00 after brief dip below 152.00The USD/JPY climbs late in the North American session, up by more than 0.40%, exchanging hands at 154.66 after bouncing off daily lows of 153.86.
Source: FXStreetNews - 🏆 14. / 72 Read more »