Headline inflation dropped to 7.7% YoY in October vs expected 8.0% YoY. That is a rapid decrease compared to 8.2% YoY print last month.
Core CPI figure came in below the consensus estimate as well as it amounted to 6.3% YoY vs exp. 6.5% YoY and compared with 6.6% YoY in previous month.
USDJPY is trading lower today and fresh CPI data provided more fuel for bears. The currency pair fell below major support zone in the 145.00 area. Source: xStation
Strong US macro data 🗽 Industrial production and prices rise
Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?
Economic Calendar - Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings
Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible