US ISM non-manufacturing PMI forecast misses, dollar/yen briefly falls to 149.70

【3/5Market Overview

In Tokyo time, after Finance Minister Suzuki stated that there is no plan to declare an exit from deflation, the dollar-yen rose to150.54yen, but then fluctuated in the150yen region. In European time, dollar-yen was150.40yen around with little movement.NYTime, U.S.10year Treasury yields fell, pushing dollar-yen down to near150yen. In February2month USISM Non-Manufacturing ISM and1month US manufacturing new orders undershot expectations, sending dollar-yen down to149.70yen. Afterwards, as the decline in U.S.10year Treasuries abated, dollar-yen recovered to150.22yen, but the rebound was limited.