USDJPY moves to new session low before PPI

Falls below the 100 hour moving average at 113.55

The USDJPY is moving to new session lows vs the USDJPY as the market awaits the CPI data at the bottom of the hour. The pair is now trading back below its 100 hour moving average at 113.55.

The US PPI is expected to show:

• Final demand MoM +0.1%
• Ex food and energy MoM +0.2%
• Ex food and energy, trade. +0.2%
• Final demand YoY +2.4%
• Ex food and energy +2.2%
• The ex food and energy, trade was 2.1% last month.