USDJPY Price Analysis: Remains below 200-period SMA on H4, eyes US CPI for fresh impetus – by hareshmenghani USDJPY Technical Analysis Currencies Fed Inflation
Some follow-through USD buying offers support to the pair ahead of the crucial US CPI report.USDJPY pair
In fact, the USD Index, which measures the greenback's performance against a basket of currencies, adds to the overnight recovery gains and scales higher for the second successive day on Thursday. The uptick lacks any obvious fundamental catalyst and could be attributed to some repositioning trade ahead of the crucial US consumer inflation figures.
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