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USD/JPY dips and rebounds after US CPI matches forecasts on all counts
The most eagerly awaited and important US November CPI report has just been released. The data has exactly matched expectations on all counts. The immediate reaction has seen the dollar fall back. The US bond market has gained and so have US equity futures. Perhaps there is relief the data was not higher. The USD/JPY was trading at 152.60 leading into the release is fell back towards 152.25 when it hit the screens. The USD/JPY is right now rebounding back, currently trading at 152.55
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