With U.S. PPI data due, USD/JPY may hold steady in the 157-yen range

With U.S. PPI data due, USD/JPY may hold steady in the 157-yen range

13.05.2026 New

In the previous session, the U.S. dollar held firm amid concerns that inflation was picking up again, as the U.S. April Consumer Price Index (CPI) came in at 3.8% year-on-year, exceeding market expectations. The USD/JPY pair fluctuated within a range of 157.06 to 157.77 before closing near 157.67, continuing to hold above the 157.00 level.Currently, the 157.80 level is likely to act as resistance, while the focus will be on whether the 157.00 to 156.50 range holds as support. We will be watching today’s U.S. PPI data to determine whether the dollar has room to rise further.

European currencies were weighed down by a stronger U.S. dollar following the release of U.S. CPI data, causing the euro to decline against the dollar. The EUR/USD pair traded within a range of 1.1722 to 1.1789 before closing around 1.1735; the immediate focus is on whether it can recover to the 1.1750 level.On the upside, the 1.1780 to 1.1800 range is likely to be watched, while on the downside, the 1.1720 to 1.1700 range is likely to be in focus. Today, revised Eurozone GDP and industrial production figures are scheduled, along with remarks by ECB President Lagarde, and we will be watching the euro’s reaction to these developments regarding the European economy and monetary policy.

Today’s key economic indicators include Japan’s April Tankan survey at 2:00 PM, France’s April Consumer Price Index (CPI, revised) at 3:45 PM,the Eurozone Q1 GDP revised figure and March industrial production at 18:00, the U.S. MBA Mortgage Applications Index at 20:00, the U.S. April Producer Price Index (PPI) at 21:30, and remarks by ECB President Lagarde at 28:15.U.S. PPI is expected to rise 0.5% month-over-month and 4.8% year-over-year, while core PPI is forecast to increase 0.3% month-over-month and 4.3% year-over-year. Eurozone GDP and industrial production during European trading hours, and U.S. PPI during New York trading hours, are likely to be key drivers, so we will closely monitor the reaction of the euro and the U.S. dollar.