U.S. economic indicators mixed, dollar-yen showing little direction with small moves around the 154 yen level.
【11/22Market Overview
Tokyo time, for this country10monthCPI ( nationwide consumer price index, excluding fresh food ) year-on-year exceeded expectations,12month expectations for BOJ rate hike led to USD/JPY dropping to153.95yen. Subsequently, supported by a firm Nikkei, it rose to154.95yen. In European time, cross-yen pairs declined and yen buying and dollar selling dominated, sending USD/JPY temporarily to154.18yen. However, later it gradually moved higher from the bottom.NY time,11month US ManufacturingPMI flash reading matched market expectations, while the services sector and composite beat expectations, reflecting solid U.S. economy, sending USD/JPY to155.02yen. After that,11month US University of Michigan Consumer Sentiment Index (final) came in below expectations, causing the pair to falter in the upper 154s.