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The JPY is the strongest and the USD is the weakest as the NA session begins

The trend from yesterday has continued today with the JPY the strongest of the major currencies. The USD is the weakest.

The US CPI was weaker than expected yesterday (0.4% vs 0.6% est. for headline, and 0.3% vs 0.5% est. for the core), prompting a tumble in the US dollar and yields and a surge in US stocks. That led to a multi decade single day move lower of around -3.5% in the USDJPY and the pair is down another -1% today in early US trading.

The greenback lost -3.13% vs the... Read More

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Posted: Nov 11 2022, 12:57

Author Name: forexlive

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