Dollar/yen slips briefly for the first time in four days after weak U.S. labor data.

【5/9Market Overview

Tokyo time, at the Bank of Japan Monetary Policy Meeting (April 25-26), key opinions such as “it would be good to indicate a direction to reduce purchases of long-term government bonds somewhere,” and “if the underlying price rise continues due to a weaker yen, the normalization pace may accelerate,” were presented, and the dollar/yen briefly fell to155.14yen. However, thereafter, due to perceived domestic demand buying, it rose to the 155.70 yen range. In European time, with the rise in yields on 10-year U.S. Treasuries, the dollar/yen rose to155.95yen. In New York time, weak data such as last week's U.S. initial jobless claims of23.1ten thousand cases (forecast21.5ten thousand cases) and a drop in 10-year U.S. Treasury yields led to dollar selling, pushing the dollar/yen back toward155.40yen.