Dollar-Yen rises to the upper 152 range after Bank of Japan observation reports. US CPI in line with market expectations.
【12/11Market Overview
Tokyo time, USD/JPY traded in a narrow range around the mid-151 yen level. In European trading hours, amid coverage of expectations ahead of the Bank of Japan Monetary Policy Meeting, reports said “some members are not opposed to a rate hike if proposed,” and USD/JPY briefly fell to151yen levels. Later, reports emphasizing that “the acceleration of Japan’s price increases is not seen and the BOJ does not feel urgency to hasten further tightening,” pushed the pair higher to as much as150.98yen. Then, USD/JPY surged to152.79yen.In New Yorktime,11月 CPI(Consumer Price Index)came in line with expectations, and USD/JPY rose to152.84yen. It then briefly weakened to151.91yen, but the boost from the rise in the 10-year yield lifted USD/JPY to152.71yen..yen.