USD/JPY edges up above 153.50 with all eyes on US CPI figures

Defends 200-EMA/50% Fibo. confluence ahead of US CPI

The USD/JPY pair gains strong positive traction on Friday and, for now, seems to have snapped a four-day losing streak to over a two-week low, around the 152.30-152.25 region, touched the previous day. The US Dollar (USD) is looking to build on the post-NFP recovery amid reduced bets that the Federal Reserve (Fed) will cut rates soon, acting as a tailwind for the currency pair. Apart from this, some repositioning trade ahead of the latest US con…

USD/JPY edges up above 153.50 with all eyes on US CPI figures

The US Dollar (USD) found support at 152.30 against the Japanese Yen (JPY) and is trimming some losses on Friday, returning to the upper range of the 153.00s.