Japanese Yen softens ahead of US CPI inflation data
The USD/JPY pair gains momentum to near 157.55 during the early European trading hours on Tuesday. Renewed geopolitical tensions in the Middle East lift the US Dollar (USD) against the Japanese Yen (JPY).
The USD/JPY pair is likely to continue its upward momentum as traders anticipate stronger US CPI data, which could further support the US Dollar against the Japanese Yen. Geopolitical tensions may also keep the USD elevated in the short term.
The USD/JPY pair gains momentum to near 157.55 during the early European trading hours on Tuesday. Renewed geopolitical tensions in the Middle East lift the US Dollar (USD) against the Japanese Yen (JPY).
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