02/05/2024 20:52

Release： 02/05/2024 20:52

Update： 03/18/2024 03:19

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This is a magazine for upskilling in FX trading. Two features: FX Evangelist Endō's USD/JPY analysis, and former mega-bank chief dealer Hayashi's global analysis of the foreign exchange market.

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Following the retreat of expectations for an early U.S. rate cut, the dollar/yen rose to the upper-148 yen level as a strong U.S. economic indicator emerged.

【2/5Market Overview

During Tokyo time, USD/JPY rose to around 148.82 yen on the rise in U.S. 10-year Treasury yields in after-hours trading,10but as U.S. 10-year yields paused, it retraced to around 148.30 yen. In European trading, USD/JPY moved in the mid-148s range with little change.NYtime,theFOMCandtheJanuaryU.S. employment report reduced expectations for early rate cuts,JanuaryISMnon-manufacturing PMI53.4vs. expectations52.0rose above, and with the rise in U.S. 10-year yields, USD/JPY reached148.89yen.