USD/JPY struggles to extend upside above 149.00, US PPI awaited

  • The USD/JPY pair faces selling pressure while extending its upside above 149.00 during the European trading session on Wednesday. The pair struggles as the US Dollar (USD) takes a breather after refreshing the three-week high, following signs from the United States (US) Consumer Price Index (CPI) report of June that prices of imported goods have increased.