USD/JPY rises as higher US yields support dollar amid mixed BoJ signals
The yen weakened to a weekly low with USD/JPY climbing above 158 as elevated US Treasury yields, partly oil-driven, bolstered the dollar despite softer-than-expected PCE inflation data reducing October Fed hike odds; BoJ policy summary showed divided views on rate hike pace.
Original · FXStreet AI summary of public reporting
Why: Higher US yields → dollar strength
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Prices since publication
At publication → CurrentJPY— → 158.25—
EUR— → 1.12—