U.S. March retail sales forecast exceeded expectations, and USD/JPY rose to 154.44, a post-1990 June high.
【4/15Market overview
In Tokyo time, the USD/JPY fell to4/14due to heightened geopolitical risk from Iran's retaliatory attack152.96yen, then rose as after-hours gains in the NY Dow futures and Nikkei avg supported by a rise in US 10-year yields.NYtime,3month US consumer sales beat expectations, lifting the dollar broadly and sending USD/JPY to153.87yen. In European trading, USD/JPY rose to153.96yen. Finance Minister Kanda said he would stay in close contact with major country finance and central bank officials about the currency, but market reaction was limited.NYtime,3month US retail sales exceeded expectations, pushing the dollar higher across the board and pushing USD/JPY to154.44yen and1990s6months since34years to a high.NYtime, as concerns about Middle East tensions rose, the Dow Jones fell sharply, sending USD/JPY to153.85yen, though the decline was limited and it recovered to the154yen level.