USD/JPY has breached 137.50 and eyes 138.00, but bears are in town – by fx_ross Currencies USDJPY DollarIndex Fed CPI
outcome will be the inflation data on Wednesday. Markets have been reassured to expect a 75bp hike at the July Federal Reserve meeting following the labour market report from Friday and will be looking for further evidence in this week's inflation data.
As per the prior analysis above, the bearish scenario could be starting to play out in today's Asian session: If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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