CPI y/y (USD) comes in at 3.5% against 3.8% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
US Consumer Price Index year over year, CPI y/y, was released today at 3.5%. This figure came in below the consensus expectation of 3.8%. The previous month’s reading was 4.2%.
Following the release, EURUSD moved +35 pips five minutes after the print, extending to +42 pips after 15 minutes. One hour after the release, EURUSD was up +37 pips. Historically, the median 1-hour move for EURUSD after similar releases has been 37 pips, with top-quarter moves also at 37 pips or more. USDJPY reacted by moving -43 pips five minutes after the release, reaching -45 pips after 15 minutes. One hour after the release, USDJPY was down -30 pips. For USDJPY, the median 1-hour move after past releases has been 30 pips, with top-quarter moves at 30 pips or more.