Dollar/yen briefly updated a low since February 17, dropping to 152.89 yen.

【9/8Market Overview

Tokyo time, the USD/JPY pair moved with yen buying ahead on expectations of accelerated Bank of Japan rate hikes, and as stop-loss were triggered,152.89yen and2/17fell to a new low sinceGPIFs management, with reports that3no change would be needed in March,153.90yen was bought back to around. In European time, after some reports that the BOJ would decide at the meeting on the 17th and 18th to raise the policy rate from around 1.00%17,18to around 1.25% at the meeting, the market did not interpret a large rate hike as likely, and USD/JPY rose to1.25around 154.42yen.During NY time, USD/JPY was briefly pushed down to153.43yen, but quickly bought back, and thereafter traded in a narrow range around154yen.

【9/9Market View