The dollar-yen rose after the U.S. CPI (Consumer Price Index) report but then fell back down.
Although President Trump signed a tariff agreement, reports say it will not take effect for several months. This reduced market worries. Also, inflation concerns eased because actual consumer spending is weak, causing interest rates to fall. The U.S. long-term interest rates, which went up the day before, also dropped again. Because of this, the dollar is struggling to rise.
If today’s U.S. retail sales report shows a decline from last month, the dollar may weaken further.
Dollar-Yen price forecast: 153.30 – 152.40
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