Dollar/yen rises for a third straight session to 157.40 yen while waiting for the FOMC.
【6/11Market Overview
Tokyo time, USD/JPY rose on the back of domestic demand for dollars, breaking the previous high of157.19yen and moving up to157.33yen. In European session, USD/JPY fell temporarily to around156.80yen due to the decline in U.S. 10-year Treasury yields, but later saw renewed buying.NY session, USD/JPY rose as the decline in U.S. 10-year yields narrowed,157yen level was regained and157.40yen was reached.
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