FOREX-Dollar 貿易（する）s in sight of 13-1/2 year 頂点（に達する）, U.S. 社債 産する／生じるs 急に上がる
By Hideyuki Sano
TOKYO, Nov 15 (Reuters) - The dollar 貿易（する）d within sight of its highest level in more than 13-1/2 years on Tuesday as 社債 産する／生じるs 急に上がるd on 期待s that 大統領-elect Donald Trump's 経済的な 政策s will 燃料 インフレーション.
The dollar 索引 , which 対策 the 米国紙幣's value against a basket of six major 通貨s, last 貿易（する）d at 99.883. On Monday, it had risen as high as 100.22.If the 索引 climbs above the December 2015 頂点（に達する） of 100.51, it would reach its highest level since April 2003.
Since Trump won the U.S. 大統領の last week, the 10-year U.S. 社債 産する／生じる has jumped about 0.40 百分率 point to 10-month highs as his 政策s of 激しい 会計の spending and 貿易（する） 保護貿易主義 are seen likely to stoke インフレーション.
"Everyone knows that there are questions over how much of his （選挙などの）運動をする 約束s Trump can 現実に 配達する. There could be 摩擦 between the White House and the 議会 負かす／撃墜する the road," said Kazushige Kaida, 長，率いる of forex 貿易（する）ing at 明言する／公表する Street in Tokyo.
"But market players are not political scientists. For now, they have decided to jump on this 幸福感," he 追加するd.
The dollar 緩和するd 0.3 パーセント to 108.12 yen, pulling 支援する a bit from Monday's five-month high of 108.545 yen. The U.S. 通貨 is still up 6.8 パーセント from a low touched last Wednesday.
"Given the 大規模な 増加する in U.S. 社債 産する／生じるs, the dollar is within sight of 実験（する）ing 110 yen," said Minori Uchida, 長，指導者 通貨 分析家 at the Bank of Tokyo-Mitsubishi UFJ.
"Even though U.S. 社債 産する／生じるs rose はっきりと, U.S. 在庫／株 prices were 会社／堅い. As long as the U.S. 株 markets are supported, I 嫌疑者，容疑者／疑う the dollar's 評価 will continue," he 追加するd.
Technical charts also point to the 可能性のある for その上の dollar strength against the yen, said Masashi Murata, 通貨 strategist for Brown Brothers Harriman in Tokyo.
The dollar could rise に向かって levels seen in May, now that it has risen above its July 頂点（に達する） 同様に as its 200-day moving 普通の／平均（する）, he said.
"The dollar could reach levels around 111.50 yen by year-end," Murata said.
The euro 辛勝する／優位d up 0.1 パーセント to $1.0751, taking a breather after dropping to as low as $1.0709 on Monday, its lowest level since December.
The euro is also 土台を崩すd by growing worries Italian 総理大臣 Matteo Renzi may not stay on if he loses a 国民投票 on 憲法の 改革（する） on Dec. 4.
投票s show the "no" 投票（する） 堅固に in the lead, with Trump's 予期しない victory seen 支えるing support for Renzi's 人民党員 競争相手s in the 5-星／主役にする Movement.
Still, rises in 暗示するd volatilities on 通貨 pairs such as euro/dollar and dollar/yen 示唆する market players are also 用心深い of the 可能性 of a sudden 落ちる in the dollar にもかかわらず its みごたえのある 伸び（る）s over the last few days, said 明言する／公表する Street's Kaida.
The euro/dollar one-month 暗示するd volatility rose to almost 11 パーセント on Tuesday, 支援する 近づく its highest level since late June, while 暗示するd volatility of the dollar/ye n rose to almost 13 パーセント from last week's low around 10.5 パーセント.
The onshore Chinese yuan fell to its weakest level in nearly eight years on Tuesday, breaking through 6.85 per dollar. (報告（する）／憶測ing by Hideyuki Sano; 付加 報告（する）／憶測ing by Masayuki Kitano in SINGAPORE; Editing by Simon Cameron-Moore)
