USD/JPY Price Forecast: Flat as traders eye Japan's CPI
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The USD/JPY currency pair remained stable following monetary policy decisions by the Bank of Japan and the Federal Reserve. Traders are now anticipating the release of Japanese Consumer Price Index (CPI) data, which could potentially influence currency movements.
March 21, 2025 | 12:15 am
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NEUTRAL IMPACT
The CPI release could impact the Japanese Yen's valuation, potentially affecting the FXY ETF's performance depending on inflation figures.
The upcoming CPI data could influence the Japanese Yen's value, which directly impacts the FXY ETF. Neutral stance due to uncertainty of inflation figures.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70