Published: 2026-02-13T13:40:36.000Z
EUR/USD, USD/JPY flows: U.S. Equity Risk Off Questions Post CPI
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iOS App Coming SooniOS App Coming SoonThe January U.S. CPI at 0.2% headline and 0.3% core is USD neutral, as it does not change the near-term rate cut prospects that the market sees as coming in the summer.
However, the fact that annual price changes were not larger due to tariffs is a comfort. Meanwhile, the USD will be watching the U.S. equity market, where tech stocks continue to trade heavily and could drag the overall equity market into a couple of percentage falls in the remaining weeks of February. USDJPY remains the leading edge, with charts saying that 152.10 is critical – a break would open up a test of 150.00.