Analysis of trading on Erste News

During the week from July 8 to July 12, trading on Erste News was on the publication of data on the consumer price index (CPI) in the USA on July 11.

The data supported the US dollar against the Japanese yen. Against the background of these news, the American currency has resumed its growth across the market. The limiting factor for strengthening the dollar was the soft rhetoric of the US Federal Reserve Chairman Powell.

The potential for growth of this pair on the news was about 200 points.

Fig. USD/JPY chart

Hanzenko Anton