Under pressure from the U.S. side to correct the yen depreciation, USD/JPY briefly fell to as low as 156.92 yen.

【9/25Market overview

In Tokyo time, the USD/JPY rose as Finance Minister Katayama said that “the U.S. side signaled concerns about a weaker yen at the Japan-U.S. summit,” fueling expectations that the U.S. would push for yen weakness correction, accelerating yen buying. Also, with the U.S. 10-year yield declining in after-hours trading, the pair fell to 157.94 yen. In European time, with the drop in crude oil futures stabilizing, the decline in the U.S. 10-year yield paused, the dollar/yen selling pressure eased, but the bounce was lackluster, remaining in a low range.10year yield10年債利回りの低下が一服。ドル円の売りの勢いも弱まったが戻りは鈍く、安値圏でもみ合い。NY時間、日米首脳会談での円安懸念に加え、日米財務相オンライン会談で「円の過小評価は問題である」ことが再確認された事などを受け円買いが先行。日米通貨当局による円買い介入に対する警戒感もあり、ドル円は一時156.92円まで下落。

【9/28Market view