USD/JPY Aims Higher After Japan’s Core CPI Falls Short of Expectations
USD/JPY appears to be ready to finish out the week with gains as Japanese Yen weakness continues following CPI data for October.
USD/JPY appears to be ready to finish out the week with gains as Japanese Yen weakness continues following CPI data for October.
The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell’s renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on rising bond yields.
The shortened holiday week packs in all of its important events and releases on Wednesday.
The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway the near-term outlook NZD/USD as the central bank is expected to deliver another rate hike.
The Canadian Dollar weakened after CPI printed in line with forecasts and risk assets came under pressure. Can USD/CAD continue to run higher?
EUR/USD may continue to give back the advance from the July 2020 low (1.1185) as long as the Relative Strength Index (RSI) holds in oversold territory.
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US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.
The Thanksgiving holiday may provide a slight reprieve for EUR/USD in a week that could see the currency drop towards 1.1200 depending on US data