USDJPY
EURUSD
USDJPY
The USD is higher ahead of the key US CPI report
Key Takeaways (30s Read)
The USD is higher ahead of the CPI report as markets focus on inflation trends.
The USD is higher against the JPY by 0.46% ahead of the critical CPI data to be released at 8:30 AM ET. The market anticipates a 0.3% rise in both the headline and core CPI, maintaining inflationary pressure. Year-over-year, expectations are set at 2.7% for both categories, up from 2.6%. This focus on inflation is heightened by upcoming releases, including new home sales expected to drop to 720K from 800K last month. Additionally, with tensions in the Black Sea affecting oil markets, geopolitical risks are impacting trader sentiment as the U.S. gearing towards Q4 earnings season adds to market volatility.
AI Analyst
AI Opinion
"The strength of the USD reflects market anticipation leading up to the upcoming CPI report. Traders are acutely aware of inflation trends, which could lead to further gains for the dollar if results exceed expectations. Additionally, ongoing geopolitical risks are impacting energy markets, which in turn may influence U.S. monetary policy considerations. Investors should maintain vigilance towards forthcoming economic indicators while emphasizing risk management in this uncertain environment."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.