Dollar/yen falls to the 153 yen level as the New York Dow Jones Industrial Average plunges amid position adjustments.
【11/15Market Overview
Tokyo time, USD/JPY rose to a high near156.74yen on the on-the-spot dollar buying observations, but then slipped to156.20yen as the Nikkei average gains slowed and Finance Minister Aso’s comments on yen weakness restrained the pair. In European trading, USD/JPY saw selling ahead of the weekend position adjustments155yen level in the early- to mid-teens. In NY time,10U.S. October retail sales rose 0.4% vs expected 0.3%,0.4%, and excluding autos, the figure rose 0.1% vs the expected 0.3% but the previous month saw a large upward revision. Also,11The NY Fed manufacturing index stood at31.2 versus the forecast▲0.7, pushing USD/JPY to155.74yen. However,NY stocks fell and the Dow briefly400 points, while the Nikkei futures closed down by890yen vs the previous session, with30万7,780153.85yen.