US ISM Manufacturing PMI forecast undershoots, dollar/yen briefly in the 155 range.
【6/3Market Overview
Tokyo time, USD/JPY fell to around157.00yen on observed dollar selling by Japanese exporters at the official fixing, but then rose to157.47yen due to early-month dollar buying by Japanese importers. In European trading, USD/JPY was157yen in the low 157s with little movement.NYtime,5month USISM Manufacturing PMI was48.7 versus expectations49.6, and US10-year yields fell, fueling dollar selling. USD/JPY briefly dipped below156yen,155.94yen.
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