- Analytics
- News and Tools
- Market News
- USD/JPY: US CPI data will be crucial to see a break of 33-year high at 151.95 – MUFG
USD/JPY: US CPI data will be crucial to see a break of 33-year high at 151.95 – MUFG
USD/JPY traded at a new cycle high around 151.91 on Monday. Economists at MUFG Bank analyze the pair’s outlook ahead of CPI data for October.
Any Dollar strength will likely be most prevalent if option-related resistance at 152.00 gives way
The US CPI data will be crucial on whether USD/JPY breaks back higher and through the high from Monday and through the current cyclical high recorded in last year at 151.95, a 33-year high.
We think it would take a sharp upside surprise to get markets repricing Fed rate hikes and an upside surprise related to medical services inflation will likely be looked through (the same quirk does not happen in the PCE data).
Any Dollar strength will likely be most prevalent in USD/JPY if option-related resistance at 152.00 gives way.
See – US CPI Preview: Forecasts from seven major banks, still to the high side of the Fed’s target
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
