{"id":79530,"date":"2026-04-09T16:13:05","date_gmt":"2026-04-09T06:13:05","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=79530"},"modified":"2026-04-13T16:13:43","modified_gmt":"2026-04-13T06:13:43","slug":"trade-usdjpy-on-the-us-cpi-data-release","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/trade-usdjpy-on-the-us-cpi-data-release\/","title":{"rendered":"Trade USDJPY on the US CPI Data Release"},"content":{"rendered":"\n


FX traders have been absorbed with updates from the war in the Middle East for the past few weeks which have been driving the direction of major currencies and the dollar in particular, however some focus will come back to fundamental data at the end of this week with key inflation updates due out of the US. The Core PCE number is due out on Thursday, however it is the CPI data on Friday that is likely to more impactful on the market with expectations sitting for much higher prints than last month in light of the inflationary conditions brought about by the recent energy prices surges from the war in the Middle East.<\/p>\n\n\n\n

The headline month-on-month number is expected to show an increase of 1.0% against last month\u2019s 0.3% rise while the year-on-year data is expected to indicate a 3.4% increase against last month\u2019s 2.4% result. The Core data is expected to show a more modest 0.3% increase against last month\u2019s 0.2% rise, but the propensity for moves in the dollar will likely come from the headline numbers.<\/p>\n\n\n\n

USDJPY is again looking like a favourite for good moves form a technical perspective and anything +\/- 0.3% on the data should see good moves in the pair. It is sitting just above the long-term support level on the Daily charts after the big move on the back of the recent Middle East ceasefire news and this should provide a good trading level for bulls and bears alike around the data. Resistance is now sitting further north but traders will be aware that a strong number may force the hand of the Bank of Japan if we see levels above 160 again in the near term.<\/p>\n\n\n\n

Resistance 2: 161.75 \u2013 2024 High<\/p>\n\n\n\n

Resistance 1: 160.46 \u2013 Trendline Resistance and 2026 High<\/p>\n\n\n\n

Support 1: 157.86 \u2013 April Low and Trendline Support<\/p>\n\n\n\n

Support 2: 154.80 \u2013 Long term Trendline Support<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

FX traders have been absorbed with updates from the war in […]<\/p>\n","protected":false},"author":8,"featured_media":79531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[462],"tags":[],"class_list":["post-79530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/79530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=79530"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/79530\/revisions"}],"predecessor-version":[{"id":79533,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/79530\/revisions\/79533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79531"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=79530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=79530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=79530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}