Headline and core a bit lower than expectations. USDJPY falls to 124.25 initially
The USDJPY has fallen a touch after US CPI came in weaker than expectations, but is now reversing some of those declines.. The pair has fallen to the 124.12 low but is currently trading at 124.35. The EURUSD rose toward 1.1050 but is coming back down now and trades at 1.1030.
Real average earnings came in at +2.2% for July from 1.8% in the June which may be leading to a reversal. The action is whippy.. .
