Voluntary intervention by the authorities remains limited, and the USD/JPY shows small moves centered in the upper 151 yen range.
【3/25Market Overview
In the early Tokyo time, following Kanda Treasury Official’s yen-selling restraint remarks, USD/JPY fell briefly to151.08yen. Afterwards,5・10th (GOTO) day’s fix-buying provided some covering, but amid soft gains in the Nikkei Average, USD/JPY dropped to151.05yen. There was no follow-through selling, and it traded in the low 151 yen range. In European hours, USD/JPY hovered in the low 151s with little movement.NYtime, with the 10-year US Treasury yield rising, USD/JPY151.54yen, but overall activity was subdued.
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