• USD/JPY increases 0.37%, buoyed by November’s CPI data which confirmed analysts' expectations.
  • US headline CPI rose slightly, but core figures remained stable, supporting potential Fed rate adjustments.
  • Anticipation grows for a possible Fed rate cut, with odds favoring a 25 basis point reduction next week.

The USD/JPY rose some 0.37% early in the North American session as traders digested the release of November US Consumer Price Index (CPI) figures, which came as expected by the consensus. At the time of writing, the pair trades volatile at around 152.50.

USD/JPY pair ascends, responding to inline CPI figures and stable Treasury yields

The US Bureau of Labor Statistics (BLS) revealed that headline CPI was 0.3% MoM, a tenth high, but aligned with estimates of 0.2%. Core CPI was unchanged at 0.3% MoM, which was aligned with projections for October and Wall Street.

In the twelve months to November, CPI was up from 2.6% to 2.7%, while core CPI was unchanged compared to October, as projected by the consensus at 3.3%.

After the data, the USD/JPY resumed to the upside, while the US 10-year Treasury note yield, pared its earlier gains, stands at 4.226% flat.

November’s CPI has increased the chances of the Fed cutting interest rates another 25 basis points (bps), with odds standing at 84%, according to the CME FedWatch Tool.

Source: Prime Market Terminal (PMT)

Michael Brown of Pepperstone says the figures shouldn’t deter the FOMC from a quarter-point cut next Wednesday.

This week, the US economic docket will feature the release of the Producer Price Index (PPI) along with Initial Jobless Claims figures for the week ending December 7.

USD/JPY Price Forecast: Technical outlook

The USD/JPY daily chart suggests that bulls are facing stir resistance at the Kijun-Sen at 152.69, failing to gain traction, which could witness the pair rallying toward the November 20 high of 155.89, ahead of the 156.75 daily peak of November 15. However, the pair has been carving successive series of lower highs and lower lows, and unless bulls clear the Kijun-Sen, sellers could drive prices inside the Ichimoku Cloud.

On further weakness, the USD/JPY could drop below 152.00 and extend its losses toward the 100-day Simple Moving Average (SMA) at 148.65.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.09% -0.06% 0.20% -0.07% 0.06% -0.02% -0.19%
EUR 0.09%   0.03% 0.24% 0.01% 0.15% 0.06% -0.11%
GBP 0.06% -0.03%   0.19% -0.02% 0.12% 0.03% -0.13%
JPY -0.20% -0.24% -0.19%   -0.22% -0.07% -0.17% -0.33%
CAD 0.07% -0.01% 0.02% 0.22%   0.14% 0.05% -0.12%
AUD -0.06% -0.15% -0.12% 0.07% -0.14%   -0.09% -0.25%
NZD 0.02% -0.06% -0.03% 0.17% -0.05% 0.09%   -0.16%
CHF 0.19% 0.11% 0.13% 0.33% 0.12% 0.25% 0.16%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Read review
Pepperstone
Read review
Trading Pro
Read review
Pepperstone
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review

Recommended content


Recommended content

Editors’ Picks

AUD/USD stays firm near 0.6300 amid modest risk appetite

AUD/USD stays firm near 0.6300 amid modest risk appetite

AUD/USD is posting small gains near 0.6300 in early Asian trades on Monday, opening the week on the front foot. Risk sentiment remains in a sweeter spot following the weekend's news of lower US tariffs on Chinese electronic supply chain. Tariffs talks will remain on the radar. 

AUD/USD News
USD/JPY rises above 143.50 at the weekly opening

USD/JPY rises above 143.50 at the weekly opening

USD/JPY is trading well bid above 143.50 amid a positive start to the Holy Friday week. The US Dollar holds the rebound from multi-year troughs, digesting Trump's tariff news from the weekend. The Fed-BoJ policy divergence expectations will keep the Japanese Yen supported, limiting the pair's upside. 

USD/JPY News
Gold retreats from record highs of $3,245 as US Dollar finds its feet

Gold retreats from record highs of $3,245 as US Dollar finds its feet

Gold is rereating from record highs of $3,245 early Monday, extending Friday's late pullback. Reducded demand for safe-havens and a broad US Dollar rebound undermine the yellow metal amid the news of not-so-steep US tariffs on China's semiconductors and electronics. 

Gold News
Week ahead: ECB set to cut, BoC might pause as Trump U-turns on tariffs

Week ahead: ECB set to cut, BoC might pause as Trump U-turns on tariffs

ECB is expected to trim rates, but the BoC might pause this time. CPI data also in the spotlight; due in UK, Canada, New Zealand and Japan. Retail sales the main release in the United States. China GDP eyed as Beijing not spared by Trump.

Read more
Is a recession looming?

Is a recession looming?

Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025