Dollar/yen steady, reacting to U.S. Michigan consumer sentiment inflation expectations rising.
【5/10Market Overview
In Tokyo time, USD/JPY fell to155.26yen, but rose to155.77yen on the back of yen buying by domestic demand on the weekend,510- days. In European session, USD/JPY trended firmly in the high 155s.NY time, U.S.10-year bond yields rose, pushing up the dollar. In the June consumer sentiment survey released by the University of Michigan, the the Consumer Confidence Index (flash) missed expectations, but inflation expectations published simultaneously rose above expectations, sending USD/JPY to155.90yen.
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