The USD/JPY pair is staging a robust rally in the NA session despite the weak risk appetite, which generally increases the demand for traditional safe-havens such as the JPY. As of writing, the pair was trading a couple of pips below 112, where it refreshed its highest level since January, and was up 0.9%, or around 100 pips on the day. Today's data from the United States showed that the core-PPI jumped to 2.8% on a yearly basis in June from 2.4% in May and surpassed the market expectation of 2.6%. It seems like this data triggered a broad-based USD buying as investors started pricing the expectations of a strong CPI reading tomorrow. Experts estimate the annual core-CPI to edge higher to 2.3% in June from 2.2% in May. After failing to make a decisive advance about the 94 mark in the past two days, the US Dollar Index gained traction and rose to a fresh weekly high at 94.46. At the moment, the index is up 0.6% on the day at 94.40. Meanwhile, major equity indexes in the United States started the day on a weak note with the Dow Jones Industrial Average and the S&P 500 both losing around 0.75% as of writing. Moreover, reflecting the negative sentiment, the 10-year T-bond yield is down 0.65% on the day. A pause in the DXY's rally could trigger a correction in the USD/JPY pair if the risk-off mood starts to dominate the price action. (source: fxstreet)