USD/JPY drops to session lows, all eyes on US CPI data

April 13, 2021

The USD/JPY pair drops from 109.70 to 109.30. So the pair erased earlier gains.

There is no impetus for the downward move with Treasury yields proceeding to keep higher generally. The US dollar is still slightly bid across the pond, but it erases gains, too.

The EUR/USD pair is trading around 1.1890 while GBP/USD is holding around 1.3760 currently. Both pairs recorded a little rise.

For USD/JPY, key support is still in the vicinity of the 109.00 handle.

Market participants now await US CPI data due out later in the day.