Geopolitical risks in the Middle East are rising, and as investors seek to avoid risk, the yen is appreciating, with USD/JPY dropping to 151.11.

【4/4Market Overview

During Tokyo time, the USD/JPY pair moves without a clear direction,151.60around the 151.60 yen level. In European time, the USD/JPY rises on the back of the U.S.10Treasury yields,151.77reaching the 151.77 yen level, but thereafter4/5before the U.S. nonfarm payrolls,151.70stays around 151.70 with little movement.NY time, reports that48hours within Israel may attack Israel, raising Middle East geopolitical risk, causing U.S. stock prices to turn lower. In the currency market, risk-off flows lead to yen buying, and the USD/JPY falls to151.11around the 151.11 yen level.