Japanese Yen Looks to Consolidate Against the US Dollar After Making New Lows. Can USD/JPY Go Higher?

Japanese Yen Looks to Consolidate Against the US Dollar After Making New Lows. Can USD/JPY Go Higher?

(MENAFN- DailyFX) Japanese Yen, USD/JPY, US Dollar, US Treasuries, Hang Seng, Fed - Talking Points The Japanese Yen had little reaction to national CPI data released today. Headline CPI was a slight miss at 0. 1% year on year against 0. 2% forecast while core CPI hit expectations at 0. 1% year on year. Currencies were generally quiet through the Asian session after the US Dollar came under pressure overnight. EUR/USD recovered from Wednesday's low of the year and is trading near 1. 1350. EUR/CHF hit a six-year low at 1. 04985. US Treasury yields across the curve have been trying to edge up, but all are mostly back to where they were on the US close. US 2-year is near 0. 50 % and the 10-year around 1. 60%. Crude oil continues to recover from Wednesday's rout while there's still no official confirmation that the US will tap their Strategic Petroleum Reserve. Gold remains in a 1850 – 1877 range after a solid move higher earlier in the month. Iron ore prices have remained in an unusually narrow range this week. APAC equities had little to go from the US session, but Hong Kong's Hang Seng index took a