FX Watch: USD/JPY and GBP/USD Trend Plays for a Strong U.S. CPI

March 10, 2026 9:36 am

Can hotter inflation figures push the dollar on another leg higher? Our Event Guide for the February U.S. CPI points out that tariffs-related price pressures likely factored into higher costs for consumers. Here’s what I’m watching on USD/JPY and GBP/USD in case the U.S. CPI reinforces the hawkish Fed narrative.

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