The Japanese Yen has lost ground against the US Dollar this week amidst the appointment of new Bank of Japan Governor Kazuo Ueda. Will his policies drive USD/JPY higher?

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This week’s most highly-anticipated event risk has passed, and in its wake we are left with higher rate Fed expectations, an uncertain Dollar outlook and a drop in expected volatility. Has the market decided to suppress fundamental concerns or is the fuse already lit?

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The US CPI generated significant volatility for benchmarks like the Dow Jones Industrial Average this past session, but the important inflation indicator wouldn’t clarify the market’s direction. That isn’t uncommon for the index. What has followed the immediate reaction to this event in the past?

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The January UK CPI report will steal the limelight on Wednesday as traders will try to assess whether the inflation outlook could force the Bank of England to reconsider its dovish stance.

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The U.S. dollar edged modestly higher after U.S. inflation topped estimates, but the data may not be enough to alter the risks around the Fed’s policy outlook on a sustained basis.

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