US inflation fell in July as gasoline became cheaper. Bets of a 75bps rate hike from the Fed have gone down. A new downtrend is developing in the 4-hour chart. Today’s USD/JPY outlook is bearish as the dollar weakens on a gloomy CPI report. As the price of gasoline fell, US consumer prices remained steady … Continued
The post USD/JPY Outlook: Bears Attacking 132 as Markets Cheer Gloomy US CPI appeared first on Forex Crunch.
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