CPI in focus – Can the Dollar turn lower again? A weaker-than-expected CPI reading could give stocks another boost and potentially push the major indices toward fresh highs. The US Dollar is in focus as a softer CPI could reinforce expectations for lower rates and trigger another leg of Dollar weakness. That keeps USDJPY in focus, especially with the pair approaching levels where intervention concerns could return. A clean breakout could release additional upside momentum, particularly if CPI comes in below expectations and pushes the Dollar lower.