Citing Bpaynews, the European forex session on 19 November saw UK inflation rise 3.6% year over year in October, in line with forecasts, while the Japanese yen extended losses amid continued dovish signals from Tokyo. USD/JPY climbed above 156.00 as yen weakness deepened, and the probability of a Bank of England rate cut in December rose to around 85%.
UK CPI Matches Forecasts, Yen Weakness Drives USD/JPY Above 156.00
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