Business · Markets · 1 hr ago
Dollar rises to near 160 yen as US inflation boosts confidence
The dollar climbed to about 159.94 yen in overseas trading on Nov.
11, bringing it close to 160 yen.
That was the dollar’s strongest level against the yen since early September.
Higher-than-expected US inflation helped strengthen the dollar after October’s consumer price data came in above market forecasts.
The result, alongside the Nov.
3 US midterm elections, increased market confidence in the US government and the Federal Reserve, the US central bank.
Trading was thin because US markets were on holiday, and some speculative traders used computer-driven strategies to push dollar buying.
A weaker yen makes the dollar more expensive for people and businesses in Japan, though the source gives no specific effects.
The exchange rate’s next move is not stated.
The dollar rose to nearly 160 yen in overseas trading on Nov. 11, reaching about 159.94 yen.
The dollar also rose against the euro, briefly reaching about $1.1082 per euro, its highest level since May 2025.
A stronger-than-expected US consumer price index report for October, released on Nov. 10, helped lift the dollar.
The report and the Nov. 3 US midterm elections were associated with increased market confidence in the US government and the Federal Reserve.
Speculators used thin trading during a US holiday to make dollar-buying trades.
- Who
- Currency traders, including speculators using algorithmic trading, bought dollars.
- What
- The dollar rose to about 159.94 yen and strengthened against the euro.
- When
- Nov. 11, 2026; the October US CPI was released on Nov. 10.
- Where
- Overseas foreign exchange markets.
- Why
- A stronger-than-expected US inflation report and the US midterm elections increased market confidence in the US government and the Federal Reserve.
This story does not have two clearly opposing sides.
US midterm elections took place.
The US released October CPI data that exceeded market forecasts.
During a US holiday and thinner trading, the dollar rose to about 159.94 yen and about $1.1082 per euro.
- Dollar-yen rate
- About 159.94 yen per dollar
- Dollar-euro rate
- About $1.1082 per euro
- US inflation data
- October CPI exceeded market forecasts
- CPI release
- Nov. 10, 2026
- US midterm elections
- Nov. 3
- US holiday
- Nov. 11