This article explores the outlook for the U.S. dollar following April’s U.S. inflation report, focusing primarily on two FX pairs: EUR/USD and USD/JPY. Key tech levels to watch in the near term are also discussed.

US CPI printed broadly in line with consensus estimates, resulting in a continued move lower for US yields and the greenback while gold received a helpful bid

Outlook on FTSE 100, DAX and S&P 500 ahead of US CPI print

Oil prices have plenty of support, both fundamental and technical, but, still, few obvious reasons to rise

US CPI is expected to take a step back, something the Fed has been searching for all year after multiple stubborn prints dented the committee’s confidence in taming prices

Wednesday's U.S. inflation report has the potential to stir volatility across assets, so traders should prepare for the possibility of treacherous market conditions, especially if the upcoming CPI numbers surprise to the upside by a wide margin.

Wednesday's U.S. inflation report will be closely watched by market participants. Unexpected outcomes may unleash volatility, prompting dramatic shifts in gold prices.

The Japanese yen continues to depreciate, testing Japanese officials ahead of US CPI data. Officials remain focused on undesirability of FX moves, not levels