USD/JPY rose to ¥159.94 in the New York market on the 11th. In the Tokyo market, attention is focused on the possibility of dollar-selling, yen-buying intervention by Japanese authorities, as well as October's corporate goods price index and import price index and comments from BOJ Policy Board Member Asada.
In the New York foreign exchange market on the 11th, USD/JPY rose to ¥159.94, while EUR/USD fell to $1.1083.
In today's Tokyo market, the possibility of dollar-selling, yen-buying intervention by Japanese authorities is being closely watched, while attention is also expected to focus on October's corporate goods price index and import price index and comments from BOJ Policy Board Member Asada.
The dollar strengthened and the yen weakened against the backdrop of strong growth in the US CPI for October the previous day and comments by senior Federal Reserve officials suggesting a rate hike. At the US-Japan summit and finance ministers' meeting in September, both sides also indicated a stance aimed at curbing yen depreciation, and the market is watching closely for any intervention.
At 10:30 a.m., BOJ Policy Board Member Asada is scheduled to deliver remarks at a meeting in Nagasaki, potentially reaffirming a cautious view on rate hikes.