Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 13 - 05:55 PM

USD/JPY - Soars Post-CPI Surprise As Markets Price Higher Fed Rate Path

By Paul Spirgel  —  Sep 13 - 01:55 PM
  • USD/JPY +1.04% ends NY 144.33 post-US CPI surprise; Tues range 144.68-141.61

  • Core CPI y/y rises to 6.3%, HL CPI 8.3% vs 8.1% f/c boosts Fed hike outlook

  • Fed funds terminal rate rises to 4.34% in April 2023, BoJ seen steady

  • US CPI surprise rekindles Fed betting and dollar rally vs yen nL1N30K1DA

  • Diverging US-JY rate view puts 2022 high 144.99, 150 psych level in focus

  • Support at 143.78 pullback low post-CPI, 143.44 10-HMA, 142.04 rising 10-DMA

  • $JPY RSI-Stoch's in overbought territory; traders wary a quick rise may stir intervention

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!