USD/JPY declines modestly after US CPI

FXStreet (Córdoba) - USD/JPY dropped from 117.15 to 116.95 after the release of inflation data in the US. The pair rose quickly back above 117.00 and it was trading at 117.10, up 75 pips from yesterday’s closing price.

USD retreates as CPI falls

According to the Labor Department, the Consumer Price Index fell 0.3% in November, the largest decline in six years. Analysts expected a decline of 0.1%. The annual rate fell from 1.7% to 1.3%. The larger-than-expected decline weakened the US dollar across the board, that trimmed gains.

USD/JPY waiting for the FED

No more economic data will be release ahead for the FOMC statement, price action could continue to be limited until then. USD/JPY remained moving in a small trading range between 116.95 and 117.30.

EUR/USD unimpressed by US data

EUR/USD edged only a tad higher but remained near daily lows after the latest string of US data showed fell more than expected in November.
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Year-long treasury rally beginning to show maturity signs – RBS

William O’Donnell of RBS, sees the year-long rally in treasuries signalling signs of maturity, with the 30yr bongs edging into overbought territory for the first time since summer of 2012.
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