USD/JPY rises to 151.60 yen on buy observation of long-term funding.

【3/26Market Overview

In Tokyo time, after Finance Minister Suzuki’s remarks restraining yen weakness, expectations of Japanese exporters selling, and extending trading hours on U.S. 10year note yields, the dollar/yen fell to around151.21yen before later recovering to around151.40yen. In European time, as the euro/dollar and pound/dollar rose leading to dollar selling, the dollar/yen fell to around151.30yen. During U.S. time, with rising 10-year yields and as month-end and quarter-end approached, there were expectations of real demand for dollars at the London fix, and the dollar/yen rose to around151.60yen.