Dollar-yen and U.S. initial jobless claims came in stronger than expected, extending gains for a third day.

【8/8Market Overview

Tokyo time, USD/JPY fell to the 145.42 level as the Nikkei average dropped, but within the morning call they saw real-money USD buying and the Nikkei average turning positive versus the previous day, sending it up to145.42yen, and then moved higher to146.87yen as it followed the Nikkei. After that, it traded in a narrow range around the 146 yen level. In European trading, European stock weakness pushed USD/JPY to the mid-140s, around the146yen area, but U.S.10year Treasury yields rose, keeping the downside limited.NYtime, the prior week's U.S. initial jobless claims came in stronger than expected, lifting dollar demand. With rising U.S.10year Treasury yields, USD/JPY rose to147.54yen.