Forex: USD/JPY turns lower after US CPI
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USD/JPY
FXstreet.com (Córdoba) - The dollar reversed earlier gains against the yen and stretched to fresh daily lows after data showed US consumer prices fell more than expected in November, leaving room for more the Fed to extend its accommodative policy.
USDJPY that was trading nearly flat around 83.70, extended losses and touched a low of 83.45 before finding support. At time of writing, USDJPY is trading at the 83.55 area, now down 0.1% on the day.
USDJPY had reached a fresh 9-month high of 83.95 during the Asian session as investors anticipate await the Japanese election on Sunday.
USDJPY that was trading nearly flat around 83.70, extended losses and touched a low of 83.45 before finding support. At time of writing, USDJPY is trading at the 83.55 area, now down 0.1% on the day.
USDJPY had reached a fresh 9-month high of 83.95 during the Asian session as investors anticipate await the Japanese election on Sunday.
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