USD/JPY and US 10-year Treasury yield rise, continuing a three-day advance.

【5/8Market Overview

In Tokyo time, the USD/JPY rose to about 155.27 yen at the short-term fix amid buying by domestic real-money traders,155.27yen. Although Finance Minister Suzuki issued cautions about a weaker yen, market reaction was limited. In European hours, when Bank of Japan Governor Ueda said that “rapid and one-sided yen depreciation is negative for the Japanese economy and not desirable,” and that “it is important that the exchange rate moves in line with fundamentals,” the USD/JPY came under pressure, but the market reaction was temporary.NYTime, US10year Treasury yields rose, drawing attention to the U.S.-Japan rate differential, and the USD/JPY rose to155.68yen. Also, Boston Fed President Collins said in a speech that “to return inflation to the target2%, a slowdown in U.S. economic activity is required,” and that “there are risks in delaying rate cuts,” which also supported the dollar against the yen.