How Could US August CPI Impact USDJPY?

When will the release of latest consumer inflation figures be released? How could US august CPI impact USDJPY?

13 September, OctaFX – Thursday’s US economic docket highlights the release of latest consumer inflation figures for August, scheduled at 1230GMT. The headline CPI is expected to have risen by 0.3% m/m in August, while the yearly rate is seen ticking lower to 2.8% from 2.9% previous.

Meanwhile, core CPI, which excludes volatile food and energy prices, is seen rising by 0.2% m/m and on yearly basis is anticipated to hold steady at 2.4%.

Deviation impact on USDJPY

Readers can find FX Street’s proprietary deviation impact map of the event below and as observed, the reaction in case of a relative deviation of +1.81 to -1.33 in the core CPI print is likely to be in the range of 15-23 pips during the first 15-minutes and could stretch to around 47-55 pips in the following 4-hours. following 4-hours

How Could US August CPI Impact USDJPY?

Yohay Elam, FXStreet’s own Analyst noted:

“111.80 was the peak in late August. It is followed by 112.15 which capped the pair in late July and then by the swing high of 113.15.”

“110.70 was a support line in late August. 110.10 was a swing low back in mid-August. The 109.70 was the low in August and the lowest since June,”

he adds further.

About the US CPI

The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

The purchasing power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).


This article about How Could US August CPI Impact USDJPY? was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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