USD/JPY Drops Below 144.00 as Yen Strengthens Post CPI Data
The USD/JPY pair has dipped just below the 144.00 mark amid European trading as the Japanese Yen gains strength. This shift follows the release of the Tokyo Consumer Price Index (CPI) data, which surpassed market expectations for May. The rising inflation figures have solidified the Yenโs position as investors flock to this stable currency amidst economic uncertainties. For USD/JPY traders, this trend provides crucial insights to adapt their strategies going forward.