{"id":97639,"date":"2024-02-27T20:57:12","date_gmt":"2024-02-27T16:57:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=97639"},"modified":"2024-02-28T07:45:42","modified_gmt":"2024-02-28T03:45:42","slug":"usd-jpy-recovers-following-us-durable-goods-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-jpy-recovers-following-us-durable-goods-data\/02\/27\/market-updates\/","title":{"rendered":"USD\/JPY Slides Following Dismal US Durable Goods Data"},"content":{"rendered":"\n<p>The USD\/JPY pair has slid after US Durable Goods orders declined more than expected in January. Japan&#8217;s National CPI inflation fell less than expected, with the headline annualized CPI slipping to 2.2% from 2.6% for the year ended January. <br><br>However, markets were expecting a print of 1.8%. US MoM Durable Goods Orders declined to -6.1% in January, missing the -4.5% forecast. The US GDP growth for 2023&#8217;s fourth quarter is expected to hold steady at 3.3% on Wednesday. <br><br>On Thursday, US PCE inflation is expected to see a slight uptick, with the MOM Core PCE forecast to rise to 0.4% from 0.2% in January. The pair is pinned into bull country, trading into technical resistance near last November&#8217;s peak bids near 152.00. The pair has closed in bullish territory for six of the last seven consecutive trading weeks. <br><br>The pair will focus on US GDP growth and Personal Consumption Expenditure Price Index (PCE) inflation data due in the back half of the trading week.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/JPY pair has slid after US Durable Goods orders declined more than expected in January. Japan&#8217;s National CPI inflation fell less than expected, with the headline annualized CPI slipping to 2.2% from 2.6% for the year ended January. However, markets were expecting a print of 1.8%. US MoM Durable Goods Orders declined to -6.1% &hellip;<\/p>\n","protected":false},"author":13,"featured_media":81239,"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":[10124,8337,7201],"class_list":["post-97639","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-core-pce","tag-durable-goods-orders","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97639","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=97639"}],"version-history":[{"count":6,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97639\/revisions"}],"predecessor-version":[{"id":97660,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97639\/revisions\/97660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81239"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=97639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=97639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=97639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}