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Yen pairs saw a sudden drop across the board at the open of New York with USDJPY seeing lows of 153.89 from 154.76 in two minutes, EURJPY dropped to lows 163.772 from 164.554, and GBPJPY with lows of 191.856 off 192.794. Note market was highly wound up over extremely Overbought USDJPY, EURJPY, and GBPJPY and…
Consumer Price Index (CPI) report has delivered a clear message to the markets: inflation remains persistently high, with the Bureau of Labor Statistics announcing a 3.5% year-over-year increase in March, surpassing both last month’s figures and market expectations. This acceleration, driven notably by rises in housing and gasoline prices, suggests that the Federal Reserve’s path…