Kashkari’s hawkish remarks as Minneapolis Fed President push the dollar/yen higher.

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Tokyo time, dollar/yen rose to as high as 154.64 yen amid buying by domestic real demand players after the holiday and an increase in the Nikkei average.154.64In European trading hours, prompted by reports that Bank of Japan Governor Ueda entered the Prime Minister’s Official Residence for talks with Prime Minister Kishida, yen buying and dollar selling led the dollar/yen pair lower, briefly to 153.97 yen.153.97After the meeting, Governor Ueda stated, “Because a major policy change has just been made, we will carefully watch how the economy and financial conditions unfold going forward, and we also discussed foreign exchange,” and that the dollar/yen restored some buying pressure.NYSE time, U.S.10year note yields narrowed their declines, and the dollar/yen rose to154.74yen. Also,President Neel Kashkari of the Federal Reserve Bank of Minneapolissaid, “The Fedneeds to keep rates at current levels for an extended period,” and “the chances of keeping rates unchanged through the year are high,”