Dollar/yen rebounds for the first time in four days, moving into the upper 148 yen range.

【9/24Market Overview

Tokyo time, USD/JPY briefly dropped to147.51yen, but as the market moved toward the mid-price on the holiday, with expectations for dollar buying and the Nikkei average recovering to positive territory in the afternoon,148.11the pair rebounded to around 148.11 yen. In European time, after major participation by European traders, the dollar-buying trend continued.NYtime, USD/JPY rose as U.S.10year Treasury yields rose, prompting broad dollar strength.8month U.S. new home sales80.0ten thousand units exceeded the forecast of65.0ten thousand, andFOMCvote, with Fed Chair Powell (formerly spelled "Goolsbee") of the Chicago Fed, noting that "overly front-loaded rate cuts would be a source of uncertainty," leading USD/JPY to148.91yen, marking a rebound for the fourth day in a row.4days later.

【9/25Market View