US consumer price inflation increased less than anticipated last month. The core CPI increased by 6.0% in the twelve months ending in November. Fed funds futures have factored in a lower terminal rate of 4.8% in May. Today’s USD/JPY forecast is bearish as the dollar extends Tuesday’s losses. The dollar fell sharply across the board … Continued
The post USD/JPY Forecast: Easing US Inflation Confirms the Fed Pivot appeared first on Forex Crunch.
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