USD/JPY: Bearish Momentum Remains Intact Despite Softer Tokyo CPI

<p><img width="612" height="374" src="https://www.actionforex.com/wp-content/uploads/2018/11/f-usd-jpy21-e1600272327162.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/11/f-usd-jpy21-e1600272327162.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/11/f-usd-jpy21-e1600272327162-600×367.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Tokyo’s CPI for November slowed down further due to a recent drop in oil prices. Tokyo’s services prices accelerated to 3% y/y in November, its fastest pace since 1994. Japan’s latest consumer sentiment data for November also improved to its highest level since August 2023. A boost in consumer sentiment coupled with services inflation on […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530463-usd-jpy-bearish-momentum-remains-intact-despite-softer-tokyo-cpi/">USD/JPY: Bearish Momentum Remains Intact Despite Softer Tokyo CPI</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>