forexUSD/JPY Price Hits Monthly Top at 115.70 amid Risk-on, Awaiting US CPI

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USD/JPY Price Hits Monthly Top at 115.70 amid Risk-on, Awaiting US CPI

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The USD/JPY reached a monthly high of about 115.70. Positive risk sentiment undermined the safe-haven yen and supported the pair. The Fed’s expectations of rising US bond yields provided support ahead of US CPI data. The USD/JPY price reached a monthly high near 115.70 before the European session. The rise is attributed to risk-on sentiment. … Continued

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