U.S. 10-year Treasury yields rose and concerns about U.S. inflation rekindled, sending the USD/JPY to as high as 154.92 yen.
【11/12Market Overview
In Tokyo time, the USD/JPY rose to around154.05yen briefly due to dollar buying observed at the fixing.154yen level felt of a strong tone and the Nikkei index softened in the afternoon, causing the pair to fall to153.40yen. During European session, with higher U.S. yields in after-hours, the dollar broadly rose, and USD/JPY recovered to the154yen area. In New York time, U.S.10year Treasury yields rose to4.44% level, prompting broad dollar buying. On expectations that inflation in the United States would re-ignite due to President-elect Trump’s possible tariff increases on imports, USD/JPY rose to154.92yen.
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