- The dollar advances against the yen and in the market before key data.
- The measure of the US Consumer Price Index for November will be known.
- USD / JPY with slight bullish bias, supported by 113.30.
The dollar it is trading with raises in the market on Friday, which are being moderate. USD / JPY is recovering from Thursday’s losses and is trading at 113.70, the day’s high, with an eye on the next US data.
The reading of the US consumer price index for November which is expected to show a rise of 0.7% per month, sending the annual rate to 6.8%, a new high in decades.
Inflation figures will be key for the next meeting of the Federal Reserve next week. They will also influence the bond market and yields, which will therefore make the USD / JPY be exposed to high volatility.
The USD / JPY reaches this data with a strong support in the 113.30 area, which if it yields would activate lower, with a possible target at 112.95 and then the focus will move to 112.50. To the upside, between 113.85 and 113.95 there is a large area of ​​important resistance. A break over the top would point to a comeback over 114.00 with chances for more raises.
Technical levels
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