November 13, 2024 – OkSignals

USD/JPY Retreats on Japanese PPI Data, Holds Overall Uptrend

USD/JPY has pulled back from a three-month high following a surprising rise in Japan’s October Producer Price Index (PPI), which lifted the Japanese Yen (JPY). The increase in Japanese factory-gate inflation could eventually influence consumer prices, prompting speculation that the Bank of Japan (BoJ) may consider raising interest rates sooner. Higher interest rates often strengthen […]

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