Aware of the gap in monetary policy between Japan and the United States, the dollar/yen rose to as high as 148.80.

【1/19Market Overview

In Tokyo time, the dollar/yen initially weakened to147.94yen, but on the back of expectations for buying by domestic real demand and an uptick in U.S. Treasury yields after-hours, buying returned.With a sharp rise in the Nikkei index, the dollar/yen rose toIn European time, during position adjustments ahead of the Bank of Japan monetary policy meeting, the dollar/yen slipped to147.83yen.NYtime, according to the University of Michigan's1stmonth U.S. consumer sentiment index (flash), which exceeded expectations, the pair rose temporarily to aroundyen, but because consumer inflation expectations released at the same time undershot expectations, it quickly fell to the lower-148yen range.