Upon reports of continued BoJ rate hike stance, USD/JPY briefly dropped to as low as 154.34 yen.
【12/5Market Overview
In Tokyo time, the USD/JPY rose to as high as155.23yen, but after some reports that the Bank of Japan would raise policy interest rates at its meeting this month and maintain an intent to continue tightening, the USD/JPY fell to154.55yen. In European trading, the USD/JPY continued the move from Tokyo time and fell to154.34yen. Afterward, supported by rising U.S.10year bond yields, the USD/JPY rebounded to the155yen level.In New York time,12month University of Michigan Consumer Sentiment Index—flash reading53.3versus market expectations52.0, indicating strengthening U.S. economy, and with rising U.S.10year yields, the USD/JPY rose to155.49yen.
【12/8Market View
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