US Inflation Slows in November; USD/JPY Dips Below 100 & 20-Day Averages Ahead of Fed Decision
• USD/JPY is down 0.40% to 145.55 as markets digest US CPI data showing inflation slowing.
• November CPI was 3.1% yearly, Core CPI steady at 4%; signals declining inflationary pressure.
• US bond yields falling ahead of Wednesday's Fed decision on interest rates.
• USD/JPY above 200-day SMA but under 100 and 20-day SMAs; long-term bullish trend remains.
• Support at 145.00, 144.50, 144.00; Resistance at 145.70, 146.00, 146.50.