Key Highlights USD/JPY declined heavily and traded below the 145.50 support. A major bearish trend line is forming with resistance near 147.80 on the 4-hours chart. Gold price extended gains above the $1,715 and $1,720 resistance levels. The US CPI increased 7.7% in Oct 2022 (YoY), down from 8.2%. USD/JPY Technical Analysis The US Dollar […]
The post USD/JPY Nosedives As US CPI Dips Below 8% appeared first on Action Forex.