US October inflation data came in above expectations, further cementing market bets that the Federal Reserve will raise interest rates in December, sending the yen to its intraday low against the dollar.
The dollar rose 0.5% against the yen to 158.70 yen. The dollar spot index gained 0.4%, while core CPI, which strips out food and energy, climbed 0.3% month over month, marking its third consecutive month of exceeding forecasts.
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