Dollar/yen, U.S. CPI forecast comes in softer, but safe-haven dollar buying continues.
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【4/10Market outlook
During Tokyo time, due to uncertainty in Middle East affairs driving crude oil futures higher and expectations of dollar buying at the Tokyo Fix, the USD/JPY rose to159.24yen. In European time, the USD/JPY traded in the early 160s range159yen area with little movement.NYtime,3month U.S.CPIcame in softer than forecast, and USD/JPY briefly fell to158.88yen. However, with the U.S.-Iran peace talks approaching over the weekend, “safe-haven dollar buying” led the USD/JPY higher to159.35yen.
【4/13Market view
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