USD/JPY after U.S. CPI – 11/11/2022 #ChartOfTheDay

Posted on November 11, 2022July 11, 2024 by Bogusz Kasowski

10th of November 2022 was surprised by CPI y/y drop to +7,7% instead of forecasted +8,0%. Reaction on many markets was quite shocking and very deep… Let’s take a look on USD/JPY as a nice example. This article is part #ChartOfTheDay series.

An image is enough, hourly intervale (H1) shows perfectly when CPI data was published… Drop from over 146,1 to below 144,0 in 30 mins. Just WOW!