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- USD/JPY lost the 20-day SMA at 139.44 and trades at the 139.35 area.
- The US Producer Price Index decreased by 0.3% MoM in May.
- Investors await Fed’s decision and revised dot plots.
The USD/JPY lost over 60 pips during the New York session as the Greenback faced severe selling pressure after Producer Price Index (PPI) data from the US showed lower-than-expected ‘factory gate’ inflation. US bond yields are in decline, favoring the JPY, Ahead of the Federal Reserve’s (Fed) decision at 18:00 GMT.
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