The dollar/yen rose to 157.71 yen on the rise in the U.S. 10-year Treasury yield.

【5/29Market Overview

In Tokyo time, the USD/JPY rose to around157.40yen on expectations of dollar buying from domestic demand. In European time, following reports that Bank of Japan Governor Adachi commented on yen-weakening response by saying “We will consider if effects such as a long-term rise in the projected inflation rate appear,” the USD/JPY fell briefly to around156.89yen. Afterward, a rebound occurred,157.10yen was hovering around.NYtime, the 7-year U.S.7year note auction results were “weak,” pushing up the U.S.10year yield and driving dollar-buying and yen-selling. The USD/JPY rose as the U.S.-Japan interest rate gap was in focus.157.71yen.