Bearish
USD/JPY declines to 162.08 as US CPI drops to 3.5%, reducing Fed rate hike expectations.
The USD/JPY pair fell to 162.08 on July 15, 2026, following a softer-than-expected US Consumer Price Index (CPI) report for June, which showed a 3.5% year-over-year increase, down from 4.2% in May. This decline in inflation has led traders to lower expectations for future Federal Reserve interest rate hikes, contributing to a weaker US dollar and a stronger Japanese yen.
Key points
- US CPI for June falls to 3.5%, down from 4.2% in May, reducing Fed rate hike expectations.
- USD/JPY trades at 162.08, down 0.1% from the previous close.
- The US Dollar Index (DXY) declines 0.35% to 100.81.
- The Japanese yen reaches its strongest level in 40 years against the US dollar.
Sources
AI-generated from public news sources. Not financial advice.
