Oil prices rising raise inflation concerns, and USD/JPY extends its gains for the fifth day.
【5/15Market Overview
Tokyo time, the dollar/yen rose toward the given value on the Tokyo Fixing (5・10) on expectations of dollar buying and the rise in U.S.10year Treasury yields, reaching as high as4/30158.67yen; overseas time, amid declines in European and Japanese stocks, dollar selling and yen buying led to a retreat to158.28yen, but later buying returned to the forefront.NYtime, with inflation concerns from higher crude oil prices, U.S.10year yields rising sharply supported broad dollar buying, and USD/JPY rose to158.84yen.
【5/18Market View