Dollar/yen and U.S. economic indicators are mixed, continuing to rise for a fourth day.
【12/12Market Overview
Tokyo time, USD/JPY initially moved lower to151.96yen, but after some reports suggested that152.76yen could rise as the view that “there is no urgency within the Bank of Japan to hurry with additional rate hikes” spread, the pair strengthened. In European session, USD/JPY hovered around the mid-152s.152yen level to around the mid-152s.NYtime, U.S. initial jobless claims for the previous week came in higher than expectations, and USD/JPY briefly fell to151.79yen, but then data released11month U.S.PPI(Producer Price Index) beat forecasts, causing a temporary weakness in dollar selling. Afterwards, as U.S. 10-year Treasury yields rose, USD/JPY rose back to152.60yen.
× ![]()