USD/JPY remains in the 150 yen range as the market awaits U.S. economic indicators for the weekend.
【3/4Market Overview
In Tokyo time, the USD/JPY pair fell to around 149.84 yen early yesterday on reports that3/2the Japanese government was considering declaring an exit from deflation in response to rising prices; however, following gains in the Nikkei Stock Average reaching record highs, indicating a shift to risk-on, the USD/JPY pair saw a rebound in selling pressure and149.84yen-level earlier, then recovered to around 150 yen. In European trading, the USD/JPY continued to drift higher.NYtime, as the U.S.10year bond yield rose, the USD/JPY climbed to150.56yen.
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