USD/JPY catches a lift into 149.10 heading into Thursday

USD/JPY caught a light bid back above the 149.00 handle on Wednesday, but momentum remains thin. US PPI, FOMC minutes failed to spark a meaningful drive in the US Dollar as investors await Thursday's CPI release. Inflation data to remain the key driver for markets heading into the back half of the trading week. evel with thin Japan data on the offering for the Asia market window and investors bracing for a fresh printing of US Consumer Price Index inflation figures later in the day.

US CPI inflation figures will be the big showdown for Thursday, and markets are expecting the headline annualized CPI reading for September to edge lower from 3.7% to 3.6%. Inflation expectations are mixing poorly with rising odds of a recession in the US domestic economy in the coming months, and a significant beat for the US CPI will see investors dog-piling back into the US Dollar in short order. USD/JPY Technical Outlook The Dollar is up 0.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/JPY retraces the recent losses near 149.00 on positive risk sentimentUSD/JPY recovers from the losses registered in the previous session, trading higher around 149.00 during the European session on Tuesday. The pair reb
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY moves upward towards 149.00, US data eyedUSD/JPY extends its gains on the second successive day, trading higher around 148.80 during the Asian session on Wednesday. The pair rebounded in the
Source: FXStreetNews - 🏆 14. / 72 Read more »