The USDJPY has sliced through the June high at 148.019, and has now reached the high price from May at 148.647. The high price just traded at 148.669. Looking at the 4-hour chart there is a swing area between 148.56 and 148.73.
Moving above that level and traders will target the 50% midpoint of the move down from the early January high to the April low (the range for 2025). That 50% midpoint comes in at 149.375.
The dollar has been moving higher, helped by a second look at the CPI. The core goods CPI increased by 0.7% which was the highest level in two years. According to Pantheon Macroeconomics implies a core PCE gain of 0.35%. The core CPI is the favored measure of inflation from the Fed and gives them an excuse to keep rates steady. Looking at key items from report likely impacted from tariffs:
men's shirts and sweaters +4.3%women's dresses +3.9%cookware and tableware +3.7%appliances +1.9%toys +1.8%US yields are now higher across the curve. The 2-year yield is up 4.6 basis points while the 30-year yield is up 1.2 basis points.
Pres. Trump sees things differently:
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy runs higher looks toward the may high was published today ( ) and is available on forex 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.
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