07/15/2025 22:21

Release： 07/15/2025 22:21

Update： 07/15/2025 22:21

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The stance on U.S. monetary policy is widening expectations, and the USD/JPY rose to the 149 yen level temporarily.

【7/15Market Overview

During Tokyo time, USD/JPY was pressured lower to147.55yen as Japanese long-term yields rose. During European time, USD/JPY rose to the upper 147s on the strength of the cross-yen surge.147yen levelNYtime,6monthCPI0.3(U.S. CPI) for the month% (expected0.3%)year-over-year2.7%(expected(expected2.6%)、core CPI excluding food and energy2.9%(expected(expected2.9%)FRB(Federal Reserve) indicating that rates would be kept on hold for the time being gained ground. Also, the U.S. 10-year yield, which had briefly fallen to the 4.39% range, rose to the 4.48% range, leading to dollar buying and pushing USD/JPY temporarily to44.48%sjto149.02yen, a fresh high not seen since4/3, up about3months and a half.