USD/JPY has not fully recovered since the plunge on 8/5, showing nervous movement between the 143 range and the 146 range.

【8/6Market Overview

In Tokyo time, as the Nikkei Average surged, risk-off sentiment eased, and the USD/JPY rose to146.36yen. However, it subsequently pulled back to around144.30yen, showing unstable movement. In European time, a trilateral meeting was held among the Bank of Japan, the Ministry of Finance, and the Financial Services Agency, and after the meeting, Finance Vice Minister Nimura stated that they would “carefully monitor the developments in the economy, financial markets, and other factors with a sense of vigilance,” but market reaction was limited.NY time, as the Nikkei futures for the night session fell, the USD/JPY dropped to144.04yen. Later, amid the rise in the US10-year Treasury yields, the USD/JPY rose to145.42yen, but the rally faced resistance and closed at144.29yen.