The USD/JPY price forecast continues to remain within a range as traders await Japan’s CPI data release on Friday. The currency pair has been trading in a tight range, showing limited volatility. Investors are closely monitoring the upcoming CPI data for any potential impact on the USD/JPY pair.
The market is currently in a state of consolidation, with the USD/JPY pair hovering within a narrow trading range. Traders are looking for any signs of a breakout or direction change in the coming days. The upcoming Japan CPI data release on Friday is expected to provide some clarity on the future direction of the currency pair.
Overall, the USD/JPY pair is stuck in a range-bound pattern, with traders waiting for a catalyst to drive the pair in either direction. The Japan CPI data release on Friday could potentially serve as a key driver for the currency pair’s movement. Investors will be closely watching the data to gauge the impact on the USD/JPY pair.