USD/JPY rebounded from 158.60 to close at 159.54 on the 12th, was later quoted by Gate at 159.508, up 0.1% over 24 hours, and reached 159.56 in New York early on the 13th, its highest since July 31. July core CPI rose 2.5% year over year and 0.2% month over month, both in line with forecasts, while July producer price index data was flat month over month versus expectations for a 0.2% increase, initially supporting Treasuries and weighing on the dollar. The move then reversed as the U.S. 10-year Treasury yield rebounded from the 4.61% range to the 4.64% range and was later up 2 basis points at 4.661%, while comments from U.S. officials about an indefinite blockade of Iranian ports and broader Strait of Hormuz concerns added a geopolitical risk premium and helped keep oil prices firm. The 2-year yield rose to 4.152% and the 30-year yield to 5.237%, and traders remain focused on whether incoming U.S. inflation, employment data and Federal Reserve commentary push dollar-yen toward 160 or back toward the low-159 range.