Due to risk aversion from the decline in US stocks, the dollar/yen fell as low as 146.63 yen.
【3/10Market Overview】
In Tokyo time, the dollar/yen fell toNYDow Jones futures decline in after-hours trading,147.09yen,147.79yen to be bought back up. In European hours, the dollar/yen moved little around the mid-147s.NYtime, Germany’s environmentalist party “Green Party” indicated it would not support Mr. Merz’s debt-expansion plan, causing theDAXto fall more than 2% at one point. Also, U.S. economic concerns from Trump-era tariffs rose,NYDow Jones Industrial Average plunged. Risk-off yen buying and dollar selling led the way. With declines in U.S. 10-year bond yields, the dollar/yen briefly fell to146.63yen, a level not seen since last October 4th10/4, but after selling eased, buying returned and it rose to147.46yen.
【3/11Market View】