Thursday’s round of hotter US inflation data hasn’t done much to shake things up, with the US Dollar and US equities relatively stable all things considered.

The deceleration in Romanian inflation from 5.1% in August to 4.6% in September is a positive sign for the trend of easing price pressures. However, the details indicate that policymakers are still far from declaring victory.

The USDJPY is entrenched in a bearish trend on the daily chart, driven by the progression of Navy Blue Wave 3, which follows the completed Navy Blue Wave 2.