USD JPY - Still Long Pre US Inflation Data

Jun 10, 2021

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USD JPY - Still Long Pre US Inflation Data by KQMarkets on TradingView.com

Commentary

We still hold a long view on USDJPY pre Core Inflation Rate YoY (May) and Inflation Rate YoY (May) data releases later today despite the currency pair struggling to consolidate above resistance at around 110.

If US inflation data is much stronger than expected this could cause the currency pair to spike above 110 and continue it's upward momentum since the start of the year over the coming trading sessions.

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