The Yen Rally Ended on Day Six — and Tokyo's Own Producer Prices Print at 23:50 UTC
Five sessions of yen buying into a wall of dollar-positive news, then a squeeze on the sixth: USD/JPY traded 153.85–154.67 and Gaitame's morning range is 153.600–155.300.
Japan's own producer prices land at 23:50 UTC expected at 7.4% year on year — two full points hotter than the American PPI that moved the dollar. Why a five-day trend ending on day six is the exact shape that costs money.