The Japanese yen has gained against the US dollar and the euro ahead of key inflation data. Analysts expect Japan's headline inflation figure to come in at 3.7 per cent for May, well above the 2.0 per cent target of the Bank of Japan
USD JPY is at 200 dma. Will that data be trigger for breakdown below 200 dma?
A higher inflation data will mean Bank of Japan taking more neutral stance on monetary policy and that would strengthen Japanese Yen. USDJPY will be the currency pair on everyone's radar today. Let us see what happens today.
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