Categories: Forex Analysis

USD/JPY Outlook: Dollar Extends Gains After Upbeat CPI

The dollar rallied last week after consumer inflation figures increased more than expected. Traders give the Fed a 91% chance to lower borrowing costs by 25-bps in November.  Market participants await the US retail sales report. The USD/JPY outlook leans bullish, with the dollar firm after better-than-expected consumer inflation data. Meanwhile, the yen was weak…
The post USD/JPY Outlook: Dollar Extends Gains After Upbeat CPI appeared first on Forex Crunch.
Read Full Story

Forex Crunch

Share
Published by
Forex Crunch

Recent Posts

Bitcoin could hit $1 million by early 2027, study finds

A new study predicts that Bitcoin could hit $1 million as early as 2027 as…

26 minutes ago

Soybeans Speculative Net Positions Swing Positive Amid Market Optimism

In a notable shift in market dynamics, the latest data from the Commodity Futures Trading…

7 hours ago

CFTC Reports Significant Rise in Corn Speculative Net Positions to 234.2K

In a notable development for the agricultural commodities market, the U.S. Commodity Futures Trading Commission…

7 hours ago

New Zealand Dollar Speculators Cut Bearish Bets as NZD Positions Improve

In the latest market activity, speculative positions in the New Zealand Dollar (NZD) have shown…

7 hours ago

Surge in Japanese Yen Speculative Positions as CFTC Reports Significant Increase

In a recent update from the Commodity Futures Trading Commission (CFTC), the Japanese Yen (JPY)…

7 hours ago

Brazilian Real Sees Increase in Speculative Net Positions, Signals Boost in Market Sentiment

The Brazilian Real (BRL) experienced an optimistic shift in market sentiment as reported by the…

7 hours ago

This website uses cookies.