12 July 2019, 18:14  The USD/JPY pair drops to fresh session lows

The USD/JPY pair dropped to fresh session lows in the last hour, with bears now eyeing a move towards challenging the 108.00 round figure mark. Having failed to capitalize on the overnight goodish bounce further beyond mid-108.00s, the pair came under some renewed selling pressure on the last trading day of the week and seemed rather unaffected by a fresh wave of US Dollar buying interest. Against the backdrop of Thursday's hotter-than-expected US CPI report, the latest US Producer Price Index (PPI) also came in stronger than consensus estimates and further dampened expectations for an aggressive monetary easing by the Fed later this month.

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