Dollar/Yen trades in the high 157s with little movement, continuing a slight decline.

【10/29Market overview

Tokyo time, the dollar/yen began higher as the U.S.10year bond yields rose in after-hours trading,158.06yen to strengthen to, then as U.S.10year bond yields fell, it weakened to157.60yen. Afterward, it rebounded to around157.90yen. In European time, theECB left policy rates steady at2.65%. The market reacted with a weaker yen and stronger dollar, pushing USD/JPY up to158.12yen. Thereafter, as the euro/dollar recovered, yen buying and dollar selling occurred, and as the10year U.S. bond yield declined, USD/JPY fell briefly to157.70yen.New Yorktime, USD/JPY rose on covering,157.98yen, but following disappointing earnings from Intel and Amazon in after-hours trading, USD/JPY dropped to157.64yen.

【10/30Market view