Dollar/Yen trades firm around 157 after US PCE forecast undershoots, with a floor supported around 157 yen.

【9/30Market overview

Tokyo time, after the fixing, yen selling was observed from domestic real demand players tied to month-end and quarter-end,9/28fell below the recent low of156.49yen to temporarily156.37yen, then short-covering led to a rebound to157.25yen, but as resistance remained, it again broke below157.00yen. In European hours, USD/JPY hovered around157yen.New Yorktime,8月 U.S. personal consumption expenditures (PCE) and the core index excluding food and energy came in below market expectations, pushing USD/JPY down to156.65yen, after which the rise in U.S.10year Treasury yields supported a rebound to157.53yen.

【10/1Market view