USD/JPY Retreats to 154.00 After CPI Data Release
The USD/JPY pair has retreated to the 154.00 level following the latest inflation data. Japan reported an October headline Consumer Price Index (CPI) of 2.3%, surpassing expectations of 2.2%, compared to a prior reading of 2.5%. The results suggest ongoing inflationary pressures that could influence monetary policy decisions. Additionally, Japan’s Prime Minister announced a stimulus package worth approximately 39 trillion yen, which adds a supportive element for the yen. Investors should closely watch these economic indicators for potential impacts on trading strategies.
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