USD/JPY extends CPI decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%.

The lower than expected US inflation caused a drop of the US Dollar. The USD/JPY plummeted on the news down to the 135.00 mark. Moreover, after retracing and encountering resistance in the 135.60/135.75 zone the pair resumed its decline. By mid-Wednesday, the rate had touched the 134.50 level and the weekly S1 simple pivot point.

In regards to near future, fundamentals continue to dictate the moves. At 19:00 GMT, the US Federal Reserve is set to announce its interest rate hike. The markets expect a 0.50% interest increase. Afterwards, at 19:30 GMT, the head of the Federal Reserve Jerome Powell will host a press conference, during which the future plans of the US Dollar's policymakers will be revealed.
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Wed, 14 Dec 2022 13:04:53 GMT

Gold reacts to inflation

The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%. The lower than expected US inflation caused a drop of the US Dollar. The price for gold surged and hit the 1,825.00 level due to the

Wed, 14 Dec 2022 12:56:03 GMT

GBP/USD remains below 1.2400

The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%. The lower than expected US inflation caused a drop of the US Dollar. The GBP/USD surge almost reached the 1.2450 mark, before retracing to find support

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