Japan’s July inflation data have strengthened expectations that the Bank of Japan could lift rates in September. Yet the outlook for USD/JPY, EUR/JPY and GBP/JPY remains tied to whether the Fed, ECB and BoE preserve their yield advantage over the yen.
EUR/JPY tests a critical support confluence within a developing bull flag, with price action near 180.80 likely to determine whether the broader uptrend resumes.
