USD/JPY Breaks Above 200-Day Average Following Hot US CPI

Key Facts

1The USD/JPY pair broke above its 200-day moving average following hotter-than-expected US CPI data.

2The CPI report revived bets on further Federal Reserve rate hikes, lifting both Treasury yields and the US dollar.

The USD/JPY pair broke above its 200-day moving average following hotter-than-expected US CPI data. Forex.com reported that the inflation report revived bets on further Federal Reserve rate hikes, lifting both Treasury yields and the US dollar.

Price action on October 14, 2026, confirmed a breakout past a key technical resistance level as persistent inflationary pressures strengthened the greenback against the Japanese yen. This bullish momentum follows increased market expectations regarding the Fed's interest rate path and its subsequent impact on Treasury yields.