The dollar/yen rose to as high as 159.18 yen due to uncertainty in Middle East tensions and the rise in the U.S. 10-year Treasury yield.

【8/20Market Overview

During Tokyo time, the dollar/yen initially158.02fell to around, but later saw buying pressure158.73and rose to around 158.73 yen. In European session, the dollar/yen158.20fell to around, but later gains were dominant.In NYsession, due to uncertainty about the Middle East situation, crude oil futures prices rose.10year U.S. Treasuries yields exceeded the level before the previous day’s doubling of U.S. Treasury purchases, and dollar buying led. Concerns about yen weakness under a highly proactive fiscal policy by the government remain entrenched, and the dollar/yen briefly reached159.18yen.

【8/21Market View