USD Continues Downtrend as USD/JPY Falls Below 150.70
The USD/JPY currency pair has dipped below 150.70 as market participants react to inflation data reported in Tokyo. The November inflation rate surged to 2.6% year-on-year, surpassing previous figures of 1.8%. This economic data influenced the currency, leading to a move towards 150.60. The dollar showed weakness against major currencies, creating opportunities for traders. EUR/USD nears session highs around 1.0570, showcasing the dollar’s struggle against its peers. The market remains volatile, and traders must adapt to ongoing economic signals.
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