{"id":72093,"date":"2022-09-13T22:49:01","date_gmt":"2022-09-13T18:49:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72093"},"modified":"2022-09-13T22:18:07","modified_gmt":"2022-09-13T18:18:07","slug":"usd-jpy-rallies-on-cpi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-jpy-rallies-on-cpi-data\/09\/13\/market-updates\/","title":{"rendered":"USD\/JPY rallies on CPI data"},"content":{"rendered":"\n<p>The USD\/JPY is generally in overbought conditions, but the BoJ\u2019s dovish stance would keep the yen weak. A clear break of 145.00 would send the pair rallying toward August 1998 at 147.67.<br><br>The USD\/JPY rallied after the US Department of Labour reported that inflation was decelerating but exceeding estimations, catching off USD\/JPY traders expecting a lower reading. At the time of writing, the USD\/JPY is trading at 144.43, up by 1.09%.<br><br>After the US inflation report struck some financial assets, the USD\/JPY rallied towards the daily highs at 144.68. It is worth noting that the Relative Strength Index (RSI), alongside price action, shows signs that the USD\/JPY is overbought. Nevertheless, the Bank of Japan\u2019s dovish stance would likely pressure the Japanese yen, opening the door for the August 1998 test at 147.67.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/JPY is generally in overbought conditions, but the BoJ\u2019s dovish stance would keep the yen weak. A clear break of 145.00 would send the pair rallying toward August 1998 at 147.67.The USD\/JPY rallied after the US Department of Labour reported that inflation was decelerating but exceeding estimations, catching off USD\/JPY traders expecting a lower &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7201],"class_list":["post-72093","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72093"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72093\/revisions"}],"predecessor-version":[{"id":72099,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72093\/revisions\/72099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62091"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}