USD/JPY Forecast: Dollar Pares Gains Ahead of US Inflation

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>Futures indicate the market anticipates 140 basis points (bps) of cuts this year. Japanese workers’ real wages fell again in November. Tokyo’s consumer inflation fell further. The USD/JPY forecast turns slightly bearish on Thursday as traders await US inflation data to shape their expectations on Fed rate cuts this year. Meanwhile, futures indicate the market…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/11/usd-jpy-forecast-dollar-pares-gains-ahead-of-us-inflation/">USD/JPY Forecast: Dollar Pares Gains Ahead of US Inflation</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>