USD/JPY oversteps 143.00, more upside seems favored on hawkish Fed bets – by Sagar_Dua24 USDJPY Fed Inflation BOJ DollarIndex
The ongoing price pressures have highly deviated from the desired inflation rate of 2%.
There is no denying the fact that the US economy has entered into a decline phase of US inflation as back-to-back declines in headline US warrant exhaustion signals. Falling gasoline prices in the US and jaw-dropping interest rates have resulted in a decline in inflation forecasts. The plain-vanilla CPI that does inculcate food and energy prices is seen at 8.1%, lower than the prior release of 8.5%.
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