The US Dollar retreated on Wednesday, July 15, following the release of softer-than-expected inflation data, which shifted market attention away from the greenback.
According to FX Street, this easing in the US Dollar's strength comes as investors now focus on the upcoming Bank of Canada (BoC) rate decision, anticipating potential moves from the central bank.
For Japanese investors, the softer US inflation data and the BoC decision are key factors influencing currency market volatility, particularly in USD/JPY and CAD/JPY pairs.