Dollar/yen, ahead of the U.S. presidential election results, positions being adjusted with dollar selling.
【11/5Market Overview
Tokyo time, USD/JPY rose to5・10day’s noon buying and a firm Nikkei average,152.54yen due to the fixings. In European hours, with the US presidential election results in focus, dollar-selling for position adjustments led to a range-bound move around152yen. In New York time,10month US Services PMI beat expectations, and the USD/JPY showed some resilience, but when US10year bond yields fell, USD/JPY dropped to151.33yen.
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