The dollar/yen continues to rise for the sixth day with Takashi's further trading.

【10/9Market Overview

Tokyo time, USD/JPY remained in a narrow range around152.60yen, with yen selling ahead of gains in the Nikkei Average. In European trading, USD/JPY rose toward153.22yen as the concept of a “Higashi trade (yen selling, buying Japanese stocks)” was in focus. Thereafter, Williams, President of the U.S. Federal Reserve Bank of New York, said he supported “further rate cuts within the year” and cautioned about a slowdown in employment, pushing USD/JPY down to152.47yen. In New York time, Sanae Takaichi, leader of the Liberal Democratic Party, said on a TV program that “I should not comment on rate hikes from my position,” “I do not intend to trigger excessive yen depreciation,” and “not once said that fiscal consolidation is unnecessary,” which led to yen buying and dollar selling, with USD/JPY briefly152.11yen before, on the back of the U.S. 10-year Treasury yield, dollar buying resumed, sending USD/JPY to153.23yen and continuing to rise for the sixth day in a row.日continues.

【10/10Market View