With the new Ka City administration, the yen weakened and USD/JPY rose to 152.79.
【10/23Market Overview
During Tokyo time, USD/JPY rose above the previous high of152.04yen on observing dollar-buying from Japanese import companies at the fixing and fading expectations for an early BOJ rate hike, reaching152.57yen. In European hours, despite solid yen-selling linked to the Abe administration, US10year Treasuries yields rose as well, pushing it up to152.79yen.In New Yorktime, USD/JPY10/24awaits the USCPIdata release152.45yen was pressured lower to152.79152.79yen again later recovered toyen.
【10/24Market View
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