- Analytics
- News and Tools
- Market News
- USD/JPY has risen in the first hour after the last three US CPI report releases by an average of +0.57% – MUFG
USD/JPY has risen in the first hour after the last three US CPI report releases by an average of +0.57% – MUFG
The performance of USD/JPY will be driven today by the release of the latest US Consumer Price Index (CPI) report for February, economists at MUFG Bank say.
Another upside inflation surprise would more seriously challenge the Fed’s outlook for inflation to continue to slow
After the upside inflation surprise in January, the February CPI report could prove even more important for Fed rate cut expectations and the US Dollar. Another upside inflation surprise at the start of this year would more seriously challenge the Fed’s outlook for inflation to continue to slow.
Looking back at the performance of USD/JPY just after the release of US CPI reports, there has been a clear trend for USD/JPY to strengthen in recent months. USD/JPY has risen in the first hour after the last three US CPI report releases by an average of +0.57%. The biggest move was after the last US CPI report released in February when USD/JPY rose by +0.73%.
The Bloomberg consensus forecast is expecting core CPI to increase by 0.3% MoM in February after the firmer print of 0.4% MoM in January which would bring it back more into line with the average rate during the 2H of last year.
© 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
