Mitsubishi UFJ: US inflation data higher than expected, strengthening US dollar puts pressure on Japanese yen Odaily Planet Daily News: Michael Wan, an analyst at Mitsubishi UFJ, said that after higher than expected inflation data in the United States, the Japanese yen has become the currency most under pressure in the process of the US dollar's re strengthening. As the market begins to take into account the possibility of further tightening policy by the Federal Reserve, the US dollar against the Japanese yen is once again approaching its previous high. Michael Wan pointed out that due to the market's renewed hawkish prediction of the Federal Reserve's policy outlook, the US dollar is expected to rise for the third consecutive trading day, with the Japanese yen bearing the brunt, falling to around 157.88 against the US dollar, approaching the high set on May 6th. More broadly, this week's higher than expected CPI and PPI data has driven traders to expect the Federal Reserve to tighten interest rates by an additional 20 basis points over the next year. This also pushed the 10-year US Treasury yield to its highest level since July last year and pushed the 30-year Treasury yield to break through 5%. (Golden Ten)