The dollar/yen rebounds for the first time in three days, with dollar buying led by strength against the euro.

【11/11Market Overview

In Tokyo time, the dollar/yen pair saw continuous dollar buying from domestic real demand, lifting above last Friday's high of153.36yen to153.66yen, and then higher. In European hours, with the ruling coalition led by Chancellor Scholz in Germany collapsing and increased uncertainty about the European economic outlook, there was early dollar buying centered on the euro, pushing the dollar/yen to153.94yen. NYtime, with the U.S. bond market closed for Veterans Day, the dollar/yen moved in the upper-153s with no clear direction.