Dollar-yen rose to 157.20 after May US Consumer Confidence Index forecast beat expectations.
【5/28Market Overview
Tokyo time, the USD/JPY pair moved with no clear direction, hovering around156.90yen. In European hours, helped by gains in cross-yen pairs such as EUR/JPY, USD/JPY rose to156.99yen.During NYtime, the USD/JPY fell to around10year Treasuries yields, briefly down to156.57yen. Thereafter, as May U.S. consumer sentiment beat expectations (results102.0; vs. expected95.910year Treasury yields turning higher, USD/JPY rose to157.20), a rebound led the move. With the U.S.yen.
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