FxWirePro: USD / JPY extends minor weakness ahead of key US KPI data – EconoTimesTime






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FxWirePro: NZD / USD trades below 200H MA, bearish divergence leaves room for downside

FxWirePro: GBP / AUD downside pressure builds, scope for sustained break below 50% fib

FxWirePro- GBPJPY Daily Outlook

The pair has pulled in 2 sessions in a row and price action remains capped below 200HMA.

Markets become cautious on risk aversion before key US CPI data provides any new clues the next monetary policy action will be given by the Fed in the face of rising inflation risks.

The FOMC will meet on June 17th and any signs of rejuvenation will likely put pressure on the US dollar and support the pair’s upward move.

Consensus forecast is for the headline CPI to rise from 4.2% to 4.7% in May, while the ex-food CPI & Energy (core CPI) is likely to rise from 3.0% to 3.4% yoy will rise.

Summary: The big technical bias remains bullish, but given the prevailing cautious sentiment, a subdued / range-bound price move is wa probably.

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FxWirePro: USD / JPY expands slight weakness ahead of key US CPI data


United States Dollar,Foreign Exchange Market,Consumer price index,Japanese yen,Inflation,Central bank,United States Dollar, Foreign Exchange Market, Consumer price index, Japanese yen, Inflation, Central bank,,,,




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