Higher Japan CPI Inflation Can’t Stop USDJPY Uptrend – FX Leaders

Japan’s Consumer Price Index (CPI) has shown an increase, but this has not hindered the upward trend of the USDJPY currency pair. Despite the higher inflation rate in Japan, the USDJPY continues to rise. This trend suggests that the US dollar is strengthening against the Japanese yen, regardless of the inflationary pressures in Japan. Traders are closely monitoring this situation as they consider their trading strategies. The USDJPY uptrend remains intact, indicating a favorable outlook for the US dollar against the Japanese yen.