Chart - Courtesy Trading View
Data released by the Bureau of Labour Statistics earlier on Wednesday showed that the headline US CPI remained flat in July against the 0.2% rise anticipated.
The yearly rate decelerated to 8.5% during the reported month, also missing estimates pointing to a fall to 8.7% from the 9.1% in June.
Further, core inflation came in at 0.3% MoM and held steady at a 5.9% YoY rate vs 0.5% and 6.1% expected, respectively.
A weaker US CPI report pushed back expectations for a larger Fed rate hike and weighed on the USD.
USD/JPY plunged back into the daily cloud, hit weekly low at 132.66 before paring some losses to trade at 133.25 at around 13:12 GMT.


Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
Gold Prices Slip in Asia as Iran Strait Deadline Looms
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
China's Services Sector Maintains Growth Streak Despite March Slowdown
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Asian Markets Rally on Iran Ceasefire Hopes as US-Iran Tensions Simmer
U.S. Stock Futures Stabilize Ahead of Good Friday as Investors Eye Jobs Report
Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110
Oil Prices Surge as U.S.-Iran Conflict Threatens Global Supply
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm 



