US CPI forecast revised higher; dollar/yen extends gains for the third day after Powell's Federal Reserve remarks.
【2/12Market Overview
Tokyo time, the USD/JPY pair advanced on selling of the yen and buying of the dollar ahead of the USCPIdata release, reaching153.73 yen. In European trading, USD/JPY was hovering around the mid-153 yen level.NYtime,1month USCPIFRBChair Jerome Powell told the House Financial Services Committee that “today’s data indicate inflation is close to the target but not yet there,” and that tariffs could force a change in policy rate, the USD/JPY rose to as high as154.80yen and extended gains for a third day.
【2/13Market View
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