Trader watching USD/JPY at 148.50 reveals why today's CPI could make or break positions
Key Points
- USD/JPY is volatile at 148.50 as traders await key inflation...
The USD/JPY just pirouetted to 148.50 like a nervous dancer waiting for their performance review - except the judges are inflation numbers, and the whole auditorium is full of traders holding their breath.
Here's the situation: everyone's betting with 82% confidence that the Federal Reserve will slice rates by 25 basis points come September. That's like being pretty sure your favorite restaurant will have your usual order ready, but you're still checking the menu just in case they've gone rogue and started serving fusion cuisine.
When Numbers Play Hard to Get
Today's Consumer Price Inde...
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