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Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down 0.09%. Tokyo Core CPI dips to 2.1% Tokyo Core CPI rose 2.1% y/y in December, down from 2.3% in November and matching the estimate of 2.1%. This […]

The post Japanese Yen Shrugs as Tokyo Core CPI Slows appeared first on Action Forex.

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13/03/2024

USD: CPI Sets The Tone For Further Movements

The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and energy prices, rose 3.8% year-over-year, slightly below January’s 3.9% but above market expectations of 3.7%. Both the CPI and Core […]
12/12/2023

GBP/USD Drifting Ahead of US Inflation

UK wage growth eases to 7.3%, lower than expected US inflation expected to fall to 3.0% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2551, down 0.04%. UK wage growth falls to 7.3% Tuesday’s UK employment report was notable for the decline in wage growth. Earnings excluding bonuses […]
11/09/2024

August CPI: Probably a 25 bps Rate Cut Next Week

Summary August’s inflation data probably cement a 25 bps, rather than a 50 bps, reduction in the federal funds rate at next week’s FOMC meeting in our view. The 0.2% increase in headline CPI was in line with expectations, while the 0.3% increase in core CPI was slightly higher than consensus forecasts. Another month of […]