0714 USDJPY：Being oversold with no big change in fundamentals

0714 USDJPY：Being oversold with no big change in fundamentals

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U.S. CPI continues to decline and has been back to the 3% range. Meanwhile, the Fed released the Beige Book showing that the overall economic activity in the U.S. grew slightly in recent weeks, and employment also increased a bit, which caused the dollar index to fall below 100 to around 99.6.