The Philadelphia index and other solid U.S. economic indicators supported the dollar/yen to rise up to 151.75 yen.
【3/21Market Overview
Tokyo time, USD/JPY slid from the prior session's weakness as Finance Minister Suzuki's cautious remarks on yen depreciation weighed the pair, pushing it to150.26yen. Then, aided by a sharp rise in the Nikkei, USD/JPY recovered to around151yen. In European trading, USD/JPY added a gradual advance.NYtime,3M, U.S. Philadelphia Fed Manufacturing Index for March; initial jobless claims for the prior week; 2February U.S. Existing Home Sales, among other data, were stronger, prompting dollar buying. Against the euro and the pound, the dollar strengthened, and USD/JPY briefly rose to151.75yen.
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