USD\/JPY edged up to around 163.80 on Tuesday and stayed close to multi-decade highs, with the JPY still failing to draw demand. The move came as softer US data tempered the US Dollar\u2019s momentum, yet the pair kept a mild upward bias.<\/p>\n
The Conference Board Consumer Confidence Index slipped to 90.8 in July from an upwardly revised 92.2 in June, while the Present Situation Index extended its decline for a third month to 114.9 and the Expectations Index held at 74.7. Geopolitical uncertainty remained in view after US President Donald Trump said Washington had a \u201cvery strong position\u201d with Iran and described Pickaxe Mountain as \u201cnot a big problem\u201d; he said he would prefer to avoid striking power plants and bridges, but left open further action if no agreement is reached.<\/p>\n
Markets are also pricing upcoming Japan data, with Tokyo CPI ex fresh food seen at 1.7% YoY versus 1.6%, headline CPI previously at 1.7%, core-core CPI previously at 1.9%, and the Unemployment Rate forecast at 2.5%; technically, the pair traded at 163.85, holding above the 20-period SMA at 163.76 and the 100-period SMA at 162.65, with RSI at 60.60, resistance at 163.96, and supports at 163.76, 163.64 and 163.59.<\/p>\n\n\n\n