FX Alert: Could a Surprising U.S. CPI Shake Up USD/JPY and GBP/USD Trends?

Ever get that feeling when inflation numbers pop up hotter than your morning coffee, and you wonder, “Is the dollar about to sprint ahead again?” Well, that’s exactly the curveball the February U.S. CPI tosses our way. With tariffs stealthily inflating costs behind the curtain, consumers are feeling the pinch—and the question looms: will this nudge the dollar onto another uptick? I’m zeroing in on USD/JPY and GBP/USD, watching for any signs that the Fed is still playing the hawk, ready to flex its muscles. It’s a high-stakes dance of numbers and narratives, and honestly, it’s the kind of drama that keeps me glued. Curious to see where this all heads? LEARN MORE.

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.