Dollar Index Hits Two-Week High on US Inflation and Fed Remarks

DXY is at a two-week peak of 102.23 and rose 0.56% over 24 hours; the price is trading above SMA20 (102.06) and SMA50 (101.93), supporting the short-term upward bias. RSI stands at 63, not yet in overbought territory, leaving some room to the upside, albeit limited. MACD is slightly above its signal line and positive, indicating that momentum is being maintained, though the gap is very small, so the signal is weak. News flow around inflation and Fed statements may be perceived as dollar-positive; nevertheless, sensitivity to data surprises remains high. In the 1-3 day outlook, a moderate upward tendency stands out, but the 102.50 resistance and the risk of possible profit-taking should not be overlooked.

The dollar index rising to a two-week high is creating upward pressure on USDJPY in the short term. The price is trading above the SMA20 and SMA50, indicating a positive trend. However, the RSI stands at 61 and is slightly below the MACD signal line, meaning momentum is not overly strong. Inflation data and Fed statements could create uncertainty; therefore, although the direction is upward, I am keeping confidence at a moderate level. Closes above 158.75 could confirm the upward movement.

The dollar index rising to a two-week high could create limited upward pressure on USDTRY. However, the pair's latest close was nearly flat (24-hour change ~0.002%) and the RSI at 58 is in neutral territory; MACD is below its signal line, indicating weak momentum. SMA20 and SMA50 are very close to each other, meaning there is no clear trend direction. Although the news favors the dollar, the impact is likely to remain limited over 1-3 days and the current technical neutrality is likely to persist.