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
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰