USD/JPY rose, briefly reaching the 152 yen level as US 10-year Treasury yields climbed.
【12/10Market Overview
Tokyo time, the dollar/yen saw buying ahead of the setting of the reference rate on GOTO day (5・10th), rising above yesterday’s high of151.34yen to151.55yen. Afterward, gains in the Nikkei average, which started higher, and the decline in overseas U.S. 10-year yields weighed on the pair, pulling it back to150.98yen. In European trading, the dollar/yen advanced as the yen broadly weakened. U.S. overseas 10-year yields, which had fallen to around the 4.18% level, reversed and rose to the 4.21% range, lifting the dollar/yen to the151yen range. In New York time, with the U.S. CPI for11月 (November)(12/11) and11月 PPI12/12) due for release, U.S. 10-year yields rose toward the 4.24% level, prompting broad dollar buying and sending the dollar/yen to152.17yen.