USD/JPY falls for the first time in four days amid declines in the US 10-year Treasury yield and the Dow Jones average.
【10/24Market Overview】
In Tokyo time, USD/JPY started around152.70yen, and after-hours U.S.10year Treasury yield declined and Finance Minister Kato's yen-softening remarks pressured it to152.10yen. In European trading, after U.S.10year Treasury yields fell, pushing USD/JPY to151.76yen, but later this was152.32yen as buyers returned. time, U.S.10year Treasury yields4.17% range declined, and the Dow Jones and Nikkei futures fell, helping USD/JPY to151.54yen. Additionally, the previous week's U.S. initial jobless claims,10month U.S.PMIflash and9month U.S. new home sales were strong, but the dollar/yen recovered only modestly.
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