USD/JPY maintains a neutral stance near 157.00 after US inflation data reduced October Fed rate hike probabilities to 35%, triggering a brief dip before a steady recovery.
The article reports USD/JPY spiked lower on soft US inflation but gave back gains to close slightly above the open, indicating a neutral net move.
The USD/JPY pair remains range-bound near 157.00 following a softer-than-expected US inflation print. While the data initially triggered a dip below 156.50, the pair recovered to close slightly above its opening level as market expectations for an October Fed rate hike cooled to approximately 35%.
The data caused an immediate intraday drop below 156.50, but the pair recovered to close slightly higher than its opening price, reflecting a neutral net impact.