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US dollar sideways, Yen under watch ahead of key CPI release

From channelnewsasia.com

The dollar consolidated on Wednesday as investor attention fixed on a key inflation report due out of the U.S. later in the day, while the yen remained pinned a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene. The main market focus on Wednesday is U.S. consumer price inflation for March, which traders have been eagerly awaiting for hints on the Fed's policy outlook. The inflation data follows a strong jobs report last Friday that blew past forecasts, stirring more questions on how soon and how much the central bank will cut rates this year. Futures traders ... (full story)

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  • Category: Fundamental Analysis