USD/JPY fell to 157.53 yen, following a plunge in the Nasdaq index and other factors.

【11/5Market Overview】

Tokyo time, the dollar/yen was trading at158.43yen in early trading, but as the Nikkei average began higher and then turned lower, the decline deepened, and risk-averse yen buying led the way157.78yen to the downside. In European hours, the dollar/yen10year treasury yield fell, prompting a rebound.NYtime, the U.S.10year treasury yield rose, lifting the dollar/yen to158.50yen. Afterwards, as the Democrats won the U.S. midterms, concerns over tighter regulation on AI data center projects and calls for the dismissal/shift of Defense Secretary Hagel, as well as rumors of Secretary of State Rubio's resignation fueling political uncertainty, caused a Nasdaq drop, and risk-averse yen buying led the way, sending the dollar/yen down toAIyen to157.53yen.

【11/6Market View】