The dollar/yen pair rebounded for the first time in three days as the yen weakened against the dollar amid the Osaka government’s fiscal policy and a rise in the U.S. 10-year Treasury yield.

【12/17Market Overview

In Tokyo time, the dollar/yen fell to around154.51yen on dollar-selling at the fixing, but then rose to155.40yen on the back of the Nikkei Stock Average’s rise. In European session, the dollar/yen traded in the mid-155s.155yen area.NYtime, with yields on the U.S.10year Treasuries rising, the dollar/yen climbed to155.64yen. After that, as the yields on the 10-year Treasuries narrowed their gains, the dollar/yen slipped to the lower-155s.10year yields155yen area earlier. However, due to concerns about fiscal deterioration from aggressive fiscal policy by the high-prime minister’s administration, a wave of yen selling pushed the dollar/yen up to155.75yen, marking a rebound for the first time in three days.3 days after.

【12/18Market View