Tokyo FX: Dollar-yen firm, back above ¥154

In Tokyo trading on the afternoon of the 14th, dollar-yen recovered within a range of ¥153.37 to ¥154.14, while US CPI was broadly in line with expectations. Expectations for a rate hike at this week's FOMC have risen above 80%.

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The story

Dollar-yen remained firm in Tokyo trading on the afternoon of the 14th, recovering from the ¥153 range to the ¥154 range. The US consumer price index released last Friday was broadly in line with expectations.

The trading ranges were ¥153.37 to ¥154.14 for dollar-yen, ¥177.85 to ¥178.46 for euro-yen, and $1.1565 to $1.1596 for euro-dollar.

Attention in the US market has shifted to this week's Federal Open Market Committee (FOMC), and views are spreading that expectations for a rate hike have risen above 80%.

At a glance

TargetsThe dollar-yen range was ¥153.37–¥154.14

DateInformation on the Tokyo market on the afternoon of the 14th

ScaleThe euro-yen range was ¥177.85–¥178.46, while the euro-dollar range was $1.1565–$1.1596

BiasUS CPI was broadly in line with expectations

CauseExpectations for an FOMC rate hike have risen above 80%

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