With expectations of a rate hike and rising crude oil prices, the USD/JPY jumped to as high as 155.00 yen.

【9/14Market Overview

Tokyo time, USD/JPY at the morning153.36yen low, but as WTI crude oil prices rise in after-hours, selling yen and buying dollars lead, and USD/JPY recovers to154yen level. In European hours, USD/JPY stays firm, rising to154.74yen.NY time, this week'sFOMC (9/15-16) probability of rate hike is9 percent and more fully priced in, with overall dollar buying leading.WTI crude futures briefly rose to100 dollars per barrel,104, and U.S.10 year Treasury yields rose briefly to5.0121%, reaching the highest since2023 October, lifting USD/JPY to a high of155.00yen. After that,WTI crude futures fell to around100 dollars per barrel and U.S.10 year yields slipped to the4.93% area, helping yen gain, with USD/JPY faltering and153.97yen.

【9/15Market View