Yesterday during the American session, the market was awaiting the CPI data, but it was not released. The BLS postponed the publication without a specific date, which added nervousness to the market: spreads widened, liquidity decreased, the dollar started to lose ground, and the yen slightly strengthened. The yields on 10-year treasuries also dropped by almost 1.3%, increasing pressure on the dollar. This morning, USD/JPY is moving up again, showing a technical rebound after the decline, treasury yields have stabilized, and the market is hopeful that the CPI will eventually be released in the coming days. However, until Tokyo opens, the movement is thin, and Japanese banks could easily reverse the course. The scenario for the Asian session is as follows: If we break above 154.85, the target is 155.10. If we drop below 154.30, a return to 154.00 is expected. If there are no news releases, expect a flat market with nervous volatility. The main risk is the sudden release of the CPI outside the schedule. It's better to enter after a confirmed impulse rather than chase the noise.
