Dollar/yen moves to the 146 range after July US PPI (wholesale price index) forecast underwhelms.
【8/13Market Overview
In Tokyo time, USD/JPY climbed to147.81yen on the back of a rise in the Nikkei and expectations of dollar buying at the morning fix.147.94yen due to a risk-on tone as European stocks and U.S. stock indices stayed firm in European time.NYtime,7month MPPI rose 0.1%0.2% (expected0.2%) and year-on-year2.2% (expected2.3%),10year U.S. Treasury yields fell, and USD/JPY dropped to146.59yen.
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