The US Dollar (USD) held mostly flat against the Japenese Yen (JPY) on Tuesday with a little bit of wiggle, and the USD/JPY pair is headed into the We
USD/JPY heads into Wednesday trading after a relatively flat Tuesday near 148.60. The US Dollar fell against the Yen to start the week after the Gaza conflict sparked risk aversion. Markets are set to turn their eyes to US inflation figures due today and Thursday. dnesday market session trading near 148.60. With little meaningful data slated for the economic calendar from Japan this week, it's all about US inflation numbers heading into the midweek.
In an inflation follow-up to the PPI data drop, Thursday will be bringing high-impact US Consumer Price Index numbers, where markets are hoping for a downtick in the annualized figure into September from 3.7% to 3.6%. USD/JPY Technical Outlook The long-term trend outlook for the USD/JPY is exceedingly bullish, with the Greenback trading well above the median against the Yen. The USD/JPY continues to soar high above the 200-day Simple Moving Average , which is currently riding up into the 139.
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