USD/JPY Recovers After Slipping Below 150 Yen per Dollar
After recent fluctuations, the USD/JPY pair sees a recovery following Japan’s latest inflation data. According to Forex Factory, the National Core Consumer Price Index (CPI) recorded an increase of 3.2 percent year-over-year, surpassing preliminary forecasts of 3.1 percent and exceeding the previous month’s figure of 3.0 percent. This encouraging data aids in stabilizing the USD/JPY position after it dropped below 150 yen per dollar. Traders should consider how upcoming economic releases may further influence this currency pair’s direction.