Dollar/yen moves lower on U.S. CPI and other data, but rises to 160.57 yen after remarks by U.S. President Donald Trump.

【6/10Market Overview

Tokyo time, the USD/JPY rose toward the dollar-buying observed around the Tokyo fix,160.43to as high as 160.43 yen, but then160.23fell back. During European hours, when President Trump posted on hisSNSthat “Iran has spent too much time negotiating. They will pay the price,” the Middle East situation tightened again and USD/JPY rose to as high as160.52yen.NYtime,5th month CPICPI160.29yen. Thereafter, when President Trump said that “the United States will resume a very strong attack on Iran,” crude oil futures rose and US10year Treasury yields also rose. USD/JPY briefly touched160.57yen and 4/30highs were refreshed since then.

【6/11Market View