The dollar/yen fell to the upper 148 yen range following a global stock market decline, then rebounded as the situation in Ukraine progressed.
【3/4Market Overview
In Tokyo time, the USD/JPY fell to148.59yen due to the decline in the Nikkei and the overseas U.S. Treasury yields148.59decreasing,149.58yen was bought back to. In European hours, concerns about the negative impact of Trump’s tariffs led to declines in Asian and European stocks.NYDow Jones futures also fell, and amid global stock declines, risk-off yen buying led the USD/JPY to2/25break below the low of148.56yen to148.09yen, marking the lowest since October10/9, the 5-month low since last Oct.NYtime, as U.S.10year Treasury yields began to rise, the USD/JPY saw a rebound. Additionally, following reports that “the U.S. and Ukraine are preparing to sign a minerals resource deal” and “President Trump plans to announce the deal in a Congressional address,” the USD/JPY rose to149.88yen.
【3/5Market View