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USDJPY rises/USDJPY falls after CPI data

Discussion in 'Technical Analysis' started by ForexLive, May 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Was expectations higher? The initial reaction was the dollar moving higher in the USDJPY after the MoM CPi came in at 0.4% MoM. But the YoY figures failed to move above the expectations and ex food and energy declined from 2.2% YoY last month to 2.1% this month. We are now seeing the USDJPY tumble lower.

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