Dollar/yen rises toward the high 153s on reports of the Bank of Japan delaying a rate hike.

【12/13Market Overview

In Tokyo time, when the Bank of Japan released12the nationwide short-term economic survey of corporates (tankan) for December, its contents were positive, and the initial reaction for USD/JPY was to sell, pushing it down to152.44yen. However, as it was not expected to decisively confirm a rate hike at the BOJ Monetary Policy Meeting, buying dominated and it rose to153.09yen. In European trading, there were reports that the BOJ was considering delaying a rate hike at the meeting to be held on the 18–19 of next week, and that expectations for the U.S. economy's outlook were uncertain, with a desire to verify wage trends from spring wage negotiations, leading to broad dollar selling.NYtime,FOMC signals a slower pace of future U.S. rate cuts could push up U.S. 10-year Treasury yields, lifting USD/JPY to153.79yen.