Following stronger-than-expected US CPI, the yen temporarily fell to the ¥160-per-dollar range, while currency movements became more active in Tokyo trading. As expectations for a US rate hike rise, concern over intervention by the government and the Bank of Japan is also spreading.
Following stronger-than-expected US consumer price index (CPI) data, dollar-yen temporarily fell to the ¥160-per-dollar range in the foreign exchange market. The yen's movements have become more active in Tokyo trading.
Amid stronger-than-expected CPI data, views have spread that expectations for an additional US rate hike will rise, pushing up volatility in the foreign exchange market.
Reports said that the government and the Bank of Japan are believed to be increasingly alert to the possibility of currency-market intervention, and market participants are watching developments ahead.