Dollar slightly on the backfoot, US CPI data eyed ...Middle East

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Dollar slightly on the backfoot, US CPI data eyed
The greenback is slightly lower on the day but it is still early to be deciding its fate as markets are eyeing the US CPI data to come later. So, I wouldn't look too much into the early moves but let's at least take a look at the technicals. USD/JPY is down 0.5% to 145.45 currently but remains caught in between its key daily moving averages:The range between the 100-day (red line) and 200-day (blue line) moving averages is rather large, with the former at 147.55 and the latter at 142.41 currently. But that seems to be where price action is sitting at, after having bounced off the 200-day moving average and 38.2 Fib retracement level to move back above 145.00 at the end of last week.The BOJ c

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