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FX Watch: Can USD/CAD and USD/JPY Break Below Support If U.S. CPI Disappoints?

Dollar traders seem to be biting their nails ahead of the U.S. CPI release, as a huge miss could revive aggressive Fed rate cut expectations.

Our Event Guide for the U.S. CPI Report points out that the PPI data already fell short of market estimates, potentially weighing on overall consumer inflation.

Will we see a breakdown on USD/CAD and USD/JPY if this happens?

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