USD/JPY Faces Selling Pressure Below 151.00 Amid Rising Tokyo CPI
The USD/JPY currency pair has seen increased selling as it trades below the significant 151.00 mark. This movement follows the notable acceleration in Tokyo’s Consumer Price Index (CPI) inflation reported for November. Such economic reports are critical as they influence central bank decisions and currency valuations. The recent data shows a clear trend in rising inflation, which can alter market dynamics and provoke reactions from the Bank of Japan. Traders need to monitor these changes closely to make informed decisions in the forex market.
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