0032 GMT - USD/JPY's bullish momentum builds ahead of U.S. CPI due out today and a slew of Fed officials' speeches this week, StoneX's Matt Simpson says in a commentary. Chart patterns and positioning data are also starting to favor further upside for USD/JPY, though volatility is likely as markets digest the data and political reaction, the senior market analyst says. On the charts, USD/JPY appears intent on testing the December low near 148.65 or the key 149.00 handle, Simpson says. However, the 200-day exponential moving average at 147.91 could provide initial resistance in the near term, Simpson adds. USD/JPY edges 0.1% lower to 147.62. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 20:32 ET (00:32 GMT)
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