USD/JPY ascends following a US inflation report indicating reacceleration, challenging levels that might prompt intervention.
Rising inflation figures push Treasury yields higher and boost the US Dollar.
Market anticipates future Fed actions with keen interest in upcoming monetary policy minutes.
The USD/JPY rallied to an almost 34-year high after a hotter-than-expected inflation report in the United States (US) sent US Treasury yields soaring. Consequently, the major climbed past the 152.00 figure, seen as a level that could trigger intervention, which so-far hasn’t happened. At the time of writing, the pair trades at 152.70, gains 0.90%.
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