Dollar/Yen, U.S. Consumer Price Index (CPI) in a late-151 yen range with little movement.
【4/9Market Overview
In Tokyo time, the USD/JPY rose to around 151.92 yen due to the Nikkei stock average’s firm trend and expectations of active domestic demand at the morning fixing.151.92In European time, USD/JPY reached151.93yen, marking an intraday high. Although Finance Minister Suzuki issued a warning against yen weakness, market reaction was limited.NY time, reports indicated that the Bank of Japan would25-26-day monetary policy meeting may discuss upward revision to the 2024 price outlook, prompting yen buying and dollar selling. With the 10-year U.S. Treasury yield also declining, USD/JPY fell to151.56yen, but persistent expectations that the timing of Fed rate cuts would be later supported a rebound, with the pair closing at151.73yen.