SvmuuNews MUFG analyst Michael Wan said that after U.S. inflation data came in higher than expected, the yen emerged as the most pressured currency amid the renewed dollar strength. As the market begins to price in the possibility of further tightening by the Federal Reserve, the dollar-yen pair is once again approaching its previous highs. Michael Wan noted that with market expectations for the Fed's policy outlook turning hawkish again, the dollar is poised for a third consecutive day of gains, with the yen bearing the brunt as the dollar-yen rate fell to around 157.88, approaching the high hit on May 6. More broadly, this week's higher-than-expected CPI and PPI data have prompted traders to anticipate an additional about 20 basis points of tightening by the Fed over the next year. This has also pushed the 10-year U.S. Treasury yield to its highest level since last July, and pushed the 30-year U.S. Treasury yield above 5%. (Jin Shi)