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fxOct 14, 2026, 11:30 PM

Yen Erases Post-CPI Drop After Brief Three-Week Low

USD/JPY spiked toward 159.00 after hotter-than-expected US CPI data, but the move quickly reversed and the pair is now just above 158.00.

USDJPY

USD/JPY initially jumped after the US inflation report came in above forecasts, moving from near 158.50 to just under 159.00. That marked the pair's highest level since September 24.

The advance did not hold. Dollar-yen then fell back below its pre-release level and is trading just above 158.00.

The round trip left the yen's earlier three-week low fully recovered as the initial reaction to hotter US CPI faded.

Source: FXStreet Forex News