USD/JPY declines amid upcoming important economic events as investors adjust, but rebounds with gains in U.S. stocks.

【10/27Market Overview

Tokyo time, amid the easing of U.S.-China tensions over the weekend, the yen selling began and the dollar/yen rose to153.18yen. Thereafter, it pulled back to152.65yen, but due to rising U.S. 10-year Treasury yields and a sharp rise in the Nikkei stock average, the dollar/yen rose to153.25yen. In European trading, dollar/yen ahead of the summit meeting between the U.S. and Japan(10/28)・FOMC（10/28-29）・Bank of Japan Monetary Policy Meeting (10/29-30）, with positions adjusting yen buying and dollar selling, briefly dipping to152.56yen. New Yorktime,New YorkDow Jones Industrial Average hitting a record high, etc., leading dollar/yen to be bought back to153.19yen.

Incidentally, at yesterday’s U.S.-Japan finance ministers’ meeting, it was reported that both finance ministers will continue to coordinate closely in the future, and that the Bank of Japan’s monetary policy did not become a topic. Regarding the exchange rate, Finance Minister Kanayama stated, “In particular, there was no detailed discussion on this matter today.”

【10/28Market View