USD/JPY swings wildly after US CPI expectations beat and initial jobless claims rise.

【10/10Market Overview

In Tokyo time, the dollar-yen rose with buying pressure in the afternoon149.54to the yen, but then stalled at149.09yen. In European time, Deputy Governor Himanino of the Bank of Japan said, “Japan's monetary policy is normalizing,” and, “if the economic activity and price outlook shown in the July Outlook Report are achieved, we will raise rates accordingly,” and the dollar-yen temporarily fell to148.91yen.NYtime,9month U.S.CPI(If the Consumer Price Index comes in higher than expected, the dollar-yen could surge to149.54yen, but if the number of initial jobless claims for the previous week increases, sentiment worsens and it reverses to148.22yen. It then continued to swing up and down, resulting in a highly volatile movement.