Dollar briefly trades at highest level against the yen in more than 30 years amid Thursday's market volatility

The dollar briefly touched its highest level against the Japanese yen in more than 30 years on Thursday as a higher than expected U.S. inflation report sent Treasury yields and the greenback higher initially, while dovish commentary from Bank of Japan Gov. Haruhiko Kuroda kept the yen anchored.

The dollar USDJPY traded as high as 147.68 yen on Wednesday, surpassing 147.14 yen for a short time, a level which was the greenback’s closing high against the yen from August 1998, according to Dow Jones Market Data. Trading in the dollar has been choppy on Wednesday, reflecting a wide range of intraday volatility in stocks and bonds, as investors have rushed to “look past” Wednesday’s inflation report, according to Kathy Lien, managing director of FX strategy at BK Asset Management.

America needs a war, preferably a nuclear one soon! If Russia doesn’t explode a nuclear bomb in Ukraine soon, the CIA might itself do it there. What better way to prevent a civil war at home than pack the peasants off to fight another “freedom” war! 🤡🤣

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