USDJPY Faces Downside Risks: Inflation Data Analysis
The USDJPY pair is experiencing significant downward pressure after breaking below its 200-day moving average. The recent inflation data from Tokyo surprised to the upside, further adding to the downward momentum. Furthermore, the decline in US Treasury yields is amplifying this movement. Traders should be vigilant and assess potential risk factors that could deepen this downward trend. Understanding the effects of inflation data on currency fluctuations is key to navigating this volatile landscape.
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