USD/JPY surges past mid-144.00s amid post-US CPI rally in USD and US bond yields – by hareshmenghani USDJPY CPI Fed Bonds Currencies
The stronger US CPI report lifts bets for more aggressive Fed rate hikes and boosts the USD.USD/JPY pair
The US dollar stages a solid rebound from the fresh monthly low touched earlier this Tuesday after the stronger-than-expected US CPI report lifted bets for a more aggressive policy tightening by the Fed. This, in turn, is seen as a key factor that assisted the USD/JPY pair to attract fresh buying near the 142.60-142.55 area on Tuesday.
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