The post Japanese Yen – a big loser; eyes turn to US CPI data appeared on BitcoinEthereumNews.com. Here is what you need to know on Tuesday, January 13: Ahead ofThe post Japanese Yen – a big loser; eyes turn to US CPI data appeared on BitcoinEthereumNews.com. Here is what you need to know on Tuesday, January 13: Ahead of

Japanese Yen – a big loser; eyes turn to US CPI data

Here is what you need to know on Tuesday, January 13:

Ahead of the European opening bells, the US Dollar (USD) pauses its late recovery seen in Monday’s North American session. The Greenback enters a consolidative mode as traders switch to the sidelines amid a typical market caution before the first US Consumer Price Index (CPI) report of this year.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

USDEURGBPJPYCADAUDNZDCHF
USD0.04%-0.05%0.38%-0.03%0.09%-0.13%-0.01%
EUR-0.04%-0.09%0.35%-0.07%0.04%-0.17%-0.05%
GBP0.05%0.09%0.43%0.02%0.14%-0.08%0.04%
JPY-0.38%-0.35%-0.43%-0.41%-0.30%-0.52%-0.39%
CAD0.03%0.07%-0.02%0.41%0.11%-0.10%0.01%
AUD-0.09%-0.04%-0.14%0.30%-0.11%-0.21%-0.10%
NZD0.13%0.17%0.08%0.52%0.10%0.21%0.12%
CHF0.00%0.05%-0.04%0.39%-0.01%0.10%-0.12%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Following a mixed December labor market report, the US inflation data is eagerly awaited to determine whether the US Federal Reserve (Fed) will opt for an interest rate cut in the first quarter of 2026 amid receding odds for such a move.

The US Core Consumer Price Index is expected to rise by 2.7% on an annual basis in December. The monthly core CPI is set to increase by 0.3% in the same period after reporting a 0.2% growth in November. The headline CPI inflation is expected to hold steady at 2.7%. 

Meanwhile, the Trump administration’s criminal investigation into Chairman Jerome Powell’s comments on the central bank’s renovation of its Washington headquarters and Powell’s retaliation deepen the feud and keep concerns over the Fed’s independence alive.

Markets also digest the latest geopolitical developments surrounding the Iranian civil unrest and the Greenland issue.

US President Donald Trump warned in a post on Truth Social on Monday,”effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America.”

While speaking to reporters on Monday, Trump once again openly pushed for the US to acquire Greenland, dismissing Denmark’s role and warning that the Arctic island could otherwise fall under Russian or Chinese influence.

Across the G10 currency space, AUD/USD gyrates above 0.6700, staying better bid amid a pause in the USD upside and the hawkish expectations surrounding the Reserve Bank of Australia’s (RBA) rate outlook.

USD/JPY firms up and tests 159.00, sitting at the highest level since July 2024. The Japanese Yen (JPY) keeps falling amid intensifying Japanese political tensions. “Japanese Prime Minister Sanae Takaichi had conveyed to a ruling party executive her intention to dissolve parliament’s lower house at the outset of its regular session scheduled to start on January 23,” per Reuters.

The JPY hits record low against Euro (EUR) and the Swiss franc (CHF).

EUR/USD trades with caution near 1.1650 amid a data-empty European calendar, while looking forward to the high-impact US CPI data.

GBP/USD hovers below 1.3500, with the upside attempts capped by a softer risk tone.

Gold is on a profit-taking decline below $4,600, with the daily technical setup still pointing to further bullish potential.

WTI is at monthly highs, testing offers at the $60 mark. Traders remain hopeful that heightened concerns surrounding Iran and potential supply disruptions will likely outweigh the potential crude oversupply from Venezuela.

Inflation FAQs

Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.

The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.

Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it.
Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

Source: https://www.fxstreet.com/news/forex-today-japanese-yen-a-big-loser-eyes-turn-to-us-cpi-data-202601130708

Market Opportunity
Talus Logo
Talus Price(US)
$0.00415
$0.00415$0.00415
-0.95%
USD
Talus (US) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

On Wednesday, the US SEC (Securities and Exchange Commission) took a landmark step in crypto regulation, approving generic listing standards for spot crypto ETFs (exchange-traded funds). This new framework eliminates the case-by-case 19b-4 approval process, streamlining the path for multiple digital asset ETFs to enter the market in the coming weeks. Grayscale’s Multi-Crypto Milestone Grayscale secured a first-mover advantage as its Digital Large Cap Fund (GDLC) received approval under the new listing standards. Products that will be traded under the ticker GDLC include Bitcoin, Ethereum, XRP, Solana, and Cardano. “Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano,” wrote Grayscale CEO Peter Mintzberg. The approval marks the US’s first diversified, multi-crypto ETP, signaling a shift toward broader portfolio products rather than single-asset ETFs. Bloomberg’s Eric Balchunas explained that around 12–15 cryptocurrencies now qualify for spot ETF consideration. However, this is contingent on the altcoins having established futures trading on Coinbase Derivatives for at least six months. This includes well-known altcoins like Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK), alongside the majors already included in Grayscale’s GDLC. Altcoins in the Spotlight Amid New Era of ETF Eligibility Several assets have already met the key condition, regulated futures trading on Coinbase. For example, Solana futures launched in February 2024, making the token eligible as of August 19. “The SEC approved generic ETF listing standards. Assets with a regulated futures contract trading for 6 months qualify for a spot ETF. Solana met this criterion on Aug 19, 6 months after SOL futures launched on Coinbase Derivatives,” SolanaFloor indicated. Crypto investors and communities also identified which tokens stand to gain. Chainlink community liaison Zach Rynes highlighted that LINK could soon see its own ETF. He noted that both Bitwise and Grayscale have already filed applications. Meanwhile, the Litecoin Foundation indicated that the new standards provide the regulatory framework for LTC to be listed on US exchanges. Hedera is also in the spotlight, with digital asset investor Mark anticipating an HBAR ETF. Market observers see the decision as a potential turning point for broader adoption, bringing the much-needed clarity and accessibility for investors. At the same time, it boosts confidence in the market’s maturity. The general sentiment is that with the SEC’s approval, the next phase of crypto ETFs is no longer a question of ‘if,’ but ‘when.’ The shift to generic listing standards could expand the US-listed digital asset ETFs roster beyond Bitcoin and Ethereum. Such a move would usher in new investment vehicles covering a dozen or more altcoins. This represents the clearest path yet toward mainstream, regulated access to diversified crypto exposure. More importantly, it comes without the friction of direct custody. “We’re gonna be off to the races in a matter of weeks,” ETF analyst James Seyffart quipped.
Share
Coinstats2025/09/18 12:57
Zhongchi Chefu acquired $1.87 billion worth of digital assets from a crypto giant for $1.1 billion.

Zhongchi Chefu acquired $1.87 billion worth of digital assets from a crypto giant for $1.1 billion.

PANews reported on February 10th that Autozi Internet Technology (Global) Ltd. (AZI), a US-listed Chinese company, has successfully acquired approximately $1.87
Share
PANews2026/02/10 20:36
XRP news: Ripple expands RLUSD stablecoin use in UAE via Zand Bank

XRP news: Ripple expands RLUSD stablecoin use in UAE via Zand Bank

Ripple has expanded the reach of its RLUSD stablecoin in the Middle East through a new strategic partnership with UAE-based digital bank Zand, a move that could
Share
Crypto.news2026/02/10 20:08