Dollar/yen rises to 155.37 yen, a fresh 34-year high, on the backdrop of the divergence between Japanese and U.S. monetary policy.

【4/24Market Overview

Tokyo time, USD/JPY in after-hours trading rose on the back of US Treasury yields higher and the Nikkei index climbing, remaining around the upper-150s yen. In European session, USD/JPY rose to10154yen; however, the upside was capped near154.97yen.At155yen, the upside was capped.time, USD/JPY saw active buying targeting a large number of options at155.00yen, which dominated sentiment,155.00yen was briefly reached,155.37yen and1990year6month, marking the highest level in about34years. Subsequently, due to caution about possible yen-buying interventions by the government and the BOJ, the moves became more cautious.