With expectations of a resolution to the U.S. government shutdown, the USD/JPY rose to 154.25 yen.

【11/10Market Overview

Tokyo time, reports such as “U.S. Democratic senators are moving forward with consideration of a Republican plan to end the government shutdown” and “bipartisan lawmakers in the U.S. Senate have agreed on a stopgap funding bill to resume funding” spread, and expectations grew that some government operations could resume, fueling dollar buying. In addition,5・10日 (Go-To Day) saw dollar buying at the base rate, and with the Nikkei average holding up, the USD/JPY rose to154.07 yen. In European time, USD/JPY briefly rose to154.25 yen, but later, as the U.S.10year Treasury yields narrowed their gains, it fell to153.89 yen. In New York time, USD/JPY traded in a range around the upper 153 yen area, and toward the close rose to154.08 yen.

【11/11Market Outlook