FX Watch: EUR/USD and USD/JPY’s Potential Bounces if U.S. CPI Comes in Hot
The U.S. dollar is testing key areas of interest ahead of Uncle Sam’s inflation report! Our Event Guide for the U.S. CPI Report suggests that we could see slower price pressures in July, supporting the idea that tariff announcement-induced inflation may be transitory. Still, if consumer prices surprise to the upside, setups like EUR/USD and USD/JPY could be…