• USD/JPY edged lower as the yen strengthened after softer U.S. CPI data eased Fed rate hike expectations, weighing on the dollar.
• U.S. annual inflation slowed to 3.5% in June, while the CPI fell 0.4% month-on-month, the first decline since April 2020, driven by lower energy prices.
• Traders now expect that the Fed will skip a July rate hike, with the odds of one halved to 16% after the inflation reports based on Fed funds futures prices at the CME Group.
• Despite modest gains, the yen remained near 40-year lows as Tokyo refrained from announcing concrete measures to support the currency.
• Immediate resistance is located at 162.75 (23.6%fib), any close above will push the pair towards 163.12(Higher BB).
• Support is seen at 161.93(SMA20) and break below could take the pair towards 160.80(38.2%fib).
Recommendation: Good to buy around 161.30, with stop loss of 161.80 and target price of 160.50


FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD extends fall, key support lies ahead
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong
FxWirePro: EUR/AUD bears maintain upper hand
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
FxWirePro: EUR/AUD edges higher but outlook still bearish
FxWirePro :USD/JPY hovers near 40-year high, bias bullish 



