The USD/JPY rose to 158.84 yen after the U.S. CPI forecast exceeded expectations and hawkish remarks from Fed officials.

【11/10Market Overview

In Tokyo time, USD/JPY rose to around 158.12 on the back of a firm Nikkei trend and expectations of dollar buying at the Tokyo fixing,158.12before entering a range around 158 yen ahead of the 10月米CPI（Consumer Price Index） releases,158yen pairs within range. In European trading, USD/JPY briefly hit a low of157.87yen, but then found support and did not fall further. time,10月米CPI rose 0.4% on month, while core CPI rose 0.3%:0.4％ and 0.3%0.3％ higher than expected, prompting dollar buying, with USD/JPY breaking above the 200-day moving average (158.69yen level)158.84yen.

Additionally,FedGovernor Waller said,10月CPI shows an improvement in inflation, but12月8－9日FOMC should0.25％ increase in rates0.25% hike. He added that if the 10月 core CPICPI rose more than 0.3% month over month, a larger 0.50％ increase should be consideredFOMC voting member Ro?gan of the Dallas Fed said, “FRB will need to raise rates at least twice more by 0.25%, and”2 times,0.25% hikes are clearly needed. There is a possibility of faster rate hikes later this winter than previously.

【11/11Market View