US CPI (Consumer Price Index) expected to beat, USD/JPY briefly in the 153 yen territory.
【4/10Market Overview
Tokyo time, the USD/JPY is muted ahead of theCPI release, around the upper 151 yen level.In European time, the USD/JPY climbs to151.84 yen. In New York time, the3 month U.S.CPI rose vs. the previous month by0.4%, year on year3.5%, beating the expected month-on-month0.3% and year-on-year3.4%. Core CPI also rose MoM by0.4%, YoY3.8%, beating the expected MoM0.3% and YoY3.7%. With stronger-than-expected data, expectations that the timing of Fed rate cuts will be pushed back supported dollar buying. The USD/JPY rose toward152.00 yen, with intermittent stops and stops above153.00yen. The USD/JPY reached as high as153.23 yen, marking1990 June53 since 1990, around34
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