USD/JPY little movement, mainly in the mid-151 yen range.

【10/22Market Overview

Tokyo time, dollar/yen fell to151.48yen due to the decline in the Nikkei and the reversal of the “Koshi Trade (stock buying, yen selling)”151.90as market expectations of an early BoJ rate hike faded and Japanese stocks pared losses,151yen at the upper-151s with little movement. NYTime, when some reports quoted that the U.S. government was considering restricting exports of U.S.-made software to China, concerns about intensified U.S.-China confrontation rose, and a risk-averse trend led to yen buying and dollar selling, with the dollar/yen slipping to151.50yen before the high-151s, and then the yen selling and dollar buying rooted as the Yoshio administration took office,152.01yen was bought back up to.

【10/23Market View