Dollar/yen declines for the third day, albeit by a small margin.

【9/23Market Overview

Tokyo time, with Japan on holiday, USD/JPY was in the high 147 yen range with subdued movement. During European hours, USD/JPY fell to147yen level as US10-year Treasury yields declined.147.51yen.In NYtime, USD/JPY briefly rose to147.93yen, but upside was limited, and as US10year yields fell, it dropped to147.46yen. The pair edged lower for a small3 days. Also, PowellFRB Chairman said in a speech on this day that \"the near-term inflation risks are tilted to the upside and the employment risks are tilted to the downside, representing a difficult situation\" and that \"the existence of risks on both sides means there is no path with zero risk.\" However, he gave no guidance on whether he would support a rate cut at the nextFOMC (10/28–29) meeting.

【9/24Market View