The dollar-yen rose for a third straight day, albeit modestly.

【5/24Market Overview

In Tokyo time, the USD/JPY rose to 157.19 yen on the latest fixing day (5-10th) due to the demand for dollars. After that, it struggled due to a lack of new catalysts. In European trading, dollar/yen was range-bound with little movement.InNY time, the preliminary U.S. May University of Michigan Consumer Confidence Index exceeded expectations, but if consumers’ inflation expectations fell short of expectations, dollar selling pressure emerged. Also, as the U.S.10-year Treasury yields fell, pushing dollar/yen down to156.82 yen.