Dollar Closes at 158.705 Yen After Rising From Previous Session’s Close

Key Facts

The dollar closed at 158.705 yen on November 10, compared with 157.967 yen at the previous day’s close, according to EL7 data. The move came in the session when the U.S. Bureau of Labor Statistics released its October Consumer Price Index report. The 10-year U.S. Treasury yield rose to 4.99% from 4.88% at the previous session’s close, according to the Associated Press. The report showed the all-items Consumer Price Index increased 0.4% on a seasonally adjusted monthly basis. The index excluding food and energy also rose 0.3%, the same pace recorded in September and August.

The dollar-yen pair’s close shows the size of the increase between the two sessions, while the bond yield is a separate reading from the debt market on the same day. The Associated Press said the 10-year yield jumped to 4.99% after the inflation data were released. The yield had topped 5.30% in early October before declining until rising again on Tuesday. These figures alone do not establish that the higher yield caused the yen’s move, nor do they establish a widening of the yield gap between the United States and Japan. The core inflation reading focuses on prices excluding food and energy, and recorded a steady monthly increase of 0.3% in the three months cited in the report.

Among price components, the food index rose 0.5% in October after holding steady in September, and the food-at-home index increased 0.4%. The energy index rose 0.7% after a 5.2% increase in September, while the gasoline index climbed 1.0% after rising 9.1% the previous month. In housing, the shelter index increased 0.3% after rising 0.4% in September. The rent index rose 0.2% in October. These readings show differing paces of movement among components, while the monthly core index increase remained at 0.3%.

Moves in Tuesday’s session extended to U.S. stocks, with the S&P 500 down 0.4%, the Dow Jones down 0.3% and the Nasdaq falling 0.7%. The Associated Press linked the pressure on stocks to the bond market after the inflation data. This coincided with the 10-year Treasury yield rising to 4.99% from 4.88% in the previous session. The Labor Department’s report recorded 189,000 initial jobless claims for the week ended October 31, after seasonal adjustment. That reading applies to that week and is not a forecast for claims in a subsequent week.

The Bureau of Labor Statistics scheduled the release of its November Consumer Price Index report for December 10, 2026, at 8:30 a.m. Eastern time. The Federal Reserve will hold its next meeting on December 8 and 9, according to the Federal Reserve Board’s calendar. The policy decision statement is scheduled for December 9 at 2:00 p.m., followed by the press conference at 2:30 p.m. The next inflation report is due before the scheduled statement. The published dates therefore include two upcoming milestones for tracking price data and the monetary policy decision.