It remains to be seen whether the U.S. CPI will drop from 8.5% to 8.1%

It remains to be seen whether the U.S. CPI will drop from 8.5% to 8.1%

13.09.2022

In yesterday’s U.S. currency markets, the dollar faced resistance as expectations grew that today’s U.S. CPI release would mark a peak, fueling speculation that the pace of monetary tightening would ease. GBP/USD rose by approximately 110 pips yesterday and continues to rebound along the 20-period moving average on the hourly chart. With today’s U.S. CPI forecast at 8.1% year-over-year, we will be watching closely to see if the figure comes in below market expectations.

European currencies saw the euro rise across the board following the withdrawal of Russian troops from Ukraine. The euro/yen pair rose by more than 2 yen yesterday and is currently trading around 144.345. From a technical perspective, the euro/yen is trading just below the 10-period moving average on the 4-hour chart, and with RSI divergence evident, traders should be cautious of a potential decline during U.S. trading hours.

Today, during Asian trading hours, the UK Employment Report and German Consumer Price Index will be released at 15:00, followed by Swiss Producer Import Prices at 15:30. During European trading hours, Turkish Industrial Production will be released at 16:00, and the GermanZEW Economic Sentiment Index, and the Eurozone ZEW Economic Sentiment Index at 18:00; the U.S. NFIB Small Business Optimism Index at 19:00; the U.S. Consumer Price Index (CPI) at 21:30 U.S. time; the U.S. 30-year Treasury auction at 26:00; the U.S. budget balance at 27:00; and New Zealand’s Q2 current account balance at 7:45 the following day.We will be closely watching to see if the U.S. CPI drops from 8.5% to 8.1%.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?