Dollar/yen fell after the decrease in US long-term interest rates, but was bought back following strong US economic data.
【1/24Market overview
During Tokyo time, the USD/JPY fell as domestic long-term yields rose, with selling in view of a narrowing U.S.-Japan interest rate gap. Pressured by the Nikkei stock average's decline, USD/JPY temporarily fell to147.76yen. In European session, due to the drop in the Nikkei index futures and the decline in US10year Treasuries yields, USD/JPY fell below147yen, reaching146.65yen.NY time, after a move, USD/JPY saw a rebound as the selling eased.1月 U.S. Manufacturing & ServicesPMIflash beat expectations, pushing U.S.10year Treasuries yields higher, and USD/JPY was bought back to147.63yen.
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