USD/JPY is plunging after the softer US CPI numbers. This could be a squeeze on the very-crowded long trade.The dollar is broadly weaker but in the 50-100 pips range on most pairs, however this move is now nearly 300 pips. That either speaks to a real squeeze and possibly intervention.Intervening at a time like this would mark a departure for the Japanese Ministry of Finance but a new currency czar was installed last month and he may be using new tactics. It's often said that currency intervention works best with a tailwind and CPI was certainly that. This article was written by Adam Button at www.forexlive.com.
Hence then, the article about us dollar sinks as inflation cools usd jpy plunges was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( US dollar sinks as inflation cools. USD/JPY plunges )