Wed, 15 May 2024 15:13:26 GMT
USD/JPY reacts to US news
US statisticians have published consumer price index and retail sales data sets. Both inflation and consumer shopping were expected to have increased. In general, the data showed that prices have risen less than expected. However, retail sales are unchanged. US Dollar reacted to the news by plummeting.
It resulted in the USD/JPY dropping to the 154.50/154.80 zone. The zone acted