Concerns about rising U.S. inflation pushed up U.S. long-term interest rates by about 0.1%, leading to a broad dollar increase. In the Tokyo market, the dollar-yen rate initially dropped to 153.41 yen, but then rose due to higher U.S. interest rates, reaching last week’s high of 154.92 yen. Around the upper 154 yen level, verbal intervention by officials was heard several times, raising awareness of possible intervention. However, the market seems to be moving in a way that could invite intervention.
With the U.S. CPI (Consumer Price Index) data release today, it is expected that some positions will be closed out. Even if the rate rises above 155 yen, it is likely to stay there only for a short time.
Expected Dollar-Yen Range: 155.30 yen to 153.90 yen
Note: The above information does not guarantee profits. Please make your own decisions when trading.