Numbers near expectations for CPI, but Real avg weekly earnings are higher
The initial move was for the dollar to fall a bit after the CPI data came in near expectations (core was 0.1% lower on the MoM and YoY), but that fall has seen a retracement (vs the JPY at least – the EURUSD is more supported though) as the numbers are digested. The 10 year yield is down about 1 BP (down a BP) as is the shorter 2 year yield (down a BP or so).