USD/JPY stays directionless around the 158 yen level.

【10/21Market Overview】

Tokyo time, the dollar/yen started higher as U.S. 10-yearTreasury yields rose in after-hours trading10, rising to 158.39 yen, but after buying exhausted, it faltered to 158.03 yen. Subsequently, it hovered with no clear direction around the 158 yen level. In European trading, dollar/yen remained range-bound around the 158 yen level.NY time, as U.S.10year Treasury yields fell, the dollar/yen dropped to157.83yen. Later, reports that “the U.S. State Department is preparing to order the evacuation of some staff and their families from U.S. embassies in Gulf countries” pushed it up to158.34yen. However, after the U.S. government denied the article, it faded to158.11yen.

【10/22Market View】