Dollar/Yen mixed modestly around 158 yen.

【10/15Market Overview】

Tokyo time, USD/JPY10yields on 10-year Treasuries fell and a dove-ish view from a modestly hawkish BoJ board member such as “bearing in mind the upside risk to inflation, there is no reason to be overly cautious about rate hikes” briefly pushed it to157.58yen and then retraced as the 10-year yield fell.158yen level was recovered. In European trading, USD/JPY hovered in the upper 157s157yen range.NY time,9 month USPPI (Producer Price Index) and9 month US retail sales came in above expectations, pushing USD/JPY to158.18yen. However, due to uncertainty surrounding AI investments, when US Treasuries were bought, the 10-year yield declined and USD/JPY fell to157.54yen, and then158.28yen was bought back.

【10/16Market View】