USD / JPY tumbled to 112.50 after US CPI data
USD / JPY tumbled to 112.50 after US CPI data

The US Consumer Price Index (CPI) was released in June on a monthly basis at 0%, below the 0.1% expectation, and 1.6% to 1.7% on an annual basis. The US Core CPI (Food and Energy Exceptions) was unchanged at 0.1% on a monthly basis in June, down from 0.2% and 1.7% on an annual basis.

More USD weakness came from frustrating Retail Sales figures, cuff sales were down 0.2% in June. Except for the automobile sector, the two consequently failed to meet expectations with 0.2% contraction.

With the announcement of the data, the parity tumbled to 112.50 tandem with US bond interest rates, while 10-year bond yields fell to bottom levels of 2.30%.
The USD / JPY pair is currently trading at 112.34 with a loss of 0.83%.

Significant technical levels for USD / JPY
Resistance to 111.94 (55-day SMA), 111.77 (200-day SMA) and 111.44 (January 27th), 113.40 (10-day SMA), 114.51 (July 11 summit) and 115.51 (March 10 summit) You can create.

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