USDJPYUS Dollar / Japanese Yen
157.85
+0.86%
Past
What happened
Dollar-yen pushed to 157.85, gaining nearly 40 pips as US yields climbed on the hot PPI. The 10Y hit 4.48%.
Why
Why it matters
Rising US yields widen the rate differential further, but the pair is nearing levels where BoJ verbal intervention historically begins -- watch for Tokyo commentary.
Watch
What to watch
Japan GDP prelim due Thursday; a weak print could paradoxically strengthen yen if it triggers BoJ caution on further tightening.
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