USD/JPY Surged to a 7-month High But Fundamentals Diverge

<p>USD/JPY rallied by 100 pips and broke above 142.50 resistance in yesterday’s NY session. Japan’s headline inflation for May softened but the core-core rate (excluding fresh food &#38; energy) accelerated to 4.3% y/y, a 42-year high. High direct correlation between USD/JPY &#38; Nikkei 225 has dissipated. Watch the next key resistance zone of 145.50/146.10 for [&#8230;]</p>
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