The dollar/yen remains firm as concerns over Middle East tensions intensify, buoyed by a rise in the U.S. 10-year Treasury yield.

【10/8Market Overview

Tokyo time, the dollar/yen declined to147.59yen in response to a drop in the Nikkei 225 futures in early trading. Subsequently, reflecting domestic real demand for dollar buying, it recovered to around148yen. Amid a sharp drop in Hong Kong stocks and as traders sought to avoid risk, the dollar/yen fell to147.51yen, but buying returned. In European trading, with Middle East tensions intensifying and stock indices in Asia falling, risk-off sentiment led to yen buying, and the dollar/yen briefly reached147.34yen.NYtime, with a rise in U.S.10year Treasury yields and solid Tokyo stock futures supporting the pair, the dollar/yen rose to148.37yen.