U.S. PPI was expected to decrease
The United States Producer Price Index (PPI) was released, showing a slight month-on-month increase of 0.2%.
As indicated by both ISM indices, there is a slight slowdown in inflation.
Regarding the PPI, it has also started to decline in China, and if this slowdown continues, the path to inflation resolution may become somewhat clearer.
Today we will continue to track the dollar/yen and the euro/dollar.
Yesterday’s selling around 114.7 yen aligned precisely with expectations.
The upward movement still looks heavy, and the tendency to buy seems likely to remain limited to Tokyo only.
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