Dollar-Yen, PCE deflator as expected; U.S. long-term rates rise, reaching the 146 yen area.

【8/30Market Overview

In Tokyo time, the USD/JPY rose to145.07yen, then fell toyen on expectations of dollar selling around month-end running fix. Afterward, supported by gains in the Nikkei average, it held firm. In European hours, USD/JPY traded around144.90yen with little movement.DuringNew YorkthePCE deflator (U.S. personal consumption expenditures) rose year over year by2.5%, as expected, and the core deflator rose by2.6% year over year, below the forecast of%. The U.S. economy was perceived as resilient, and with the rise in U.S. Treasury yields, dollar buying led, pushing USD/JPY toyen.