It was all about the US dollar this week declining in anticipation of the inflation report.
CPI figure came in at 2.2% slightly missing expectations of 2.3%. The greenback was down on the news by 50 pips.
From the technical point of view, USDJPY is following a descending channel on the 1 hour chart.
CPI figure came in at 2.2% slightly missing expectations of 2.3%. The greenback was down on the news by 50 pips.
From the technical point of view, USDJPY is following a descending channel on the 1 hour chart.