ForexLive: Asian Market Waits on US CPI as USD/JPY Dips
Major currency pairs, including USD/JPY, have traded within subdued ranges in the Asia-Pacific session. As traders eagerly await the US December CPI data, expectations are high for potential market movement.
The strengthening of the yen reflects cautious investor sentiment as they prepare for impactful economic data.
Forex traders should prepare for possible volatility as the market reacts to the CPI figures. Key data releases often lead to sharp movements in currency valuations.
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