US CPI as expected, and with the U.S. 10-year Treasury yield rising, USD/JPY climbed to 155.62.
【11/13Market Overview
Tokyo time, the dollar/yen rose on the back of dollar buying observed at the fixing,154.94yen, surpassing the prior day's high, but struggled to extend its gains near the big round number of155yen. In European time, amid a rise in U.S. Treasuries yields, the dollar/yen broke through the155yen level to155.15155yen.In the NY time,10ismonth CPI rose 0.2%%%and the core index rose 0.3% versus market expectations,Dollar/yen fell to154.33yen, but after the initial selling, buying interest recovered. Also, after the release of the U.S.CPI, U.S.10year Treasuries yields fell to the4.35% area, then rose to the4.44% area, helping the dollar/yen to155yen level regain and rise to155.62yen.
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