With hawkish Fed hopes already in play, another upside surprise in U.S. CPI data could cement expectations for further tightening before the end of the year. Our Event Guide for the September U.S. CPI Report points out that PMI surveys have shown stronger price pressures for the month, mainly driven by tariffs-related and energy-driven costs. Here's what I'm watching on USD/JPY and NZD/USD in this case.