Short in USDJPY

12 de jul. de 2023

I have made the decision to open a short position in the USDJPY currency pair, in light of unfavorable inflation results in the United States, particularly in the core inflation rate (YoY). It was expected that this indicator would decrease from 5.3% to 5.0%, however, a lower figure of 4.8% was recorded. Additionally, it was expected that annual inflation would decrease from 4% to 3.1%, but the results indicate a figure of 3%, which suggests a closer approximation to the FED's target. This situation could translate into a less hawkish stance by the FED in its upcoming meeting. On the other hand, the yen has maintained its strength in recent days.