Dollar-yen rebounds, rising as high as 149.02 yen.

【3/14Market Overview

In Tokyo time, USD/JPY rose as Senate Majority Leader Schumer signaled support for a Democratic budget plan, pushing dollar buying ahead of hours. Also supported by expectations of dollar buying before the tidy value and a firm Nikkei, the USD/JPY rose to148.65yen. In European time, risk-on yen selling continued. In the first round of the Rengo labor union’s Spring Wage Survey,1round counting showed25, the average wage increase in spring negotiations was5.46%, higher than last year’s5.28%, but below the 6.096.09% wage rise requested, and the USD/JPY briefly rose to149.02yen. In New York time, the yield on the 10-year U.S. Treasuries rose but the gain narrowed, and the preliminary University of Michigan Consumer Sentiment Index for March came in at57.9, below the forecast63.1, helping USD/JPY fall to148.25yen. Afterward, elevated optimism that some U.S. government agencies would avoid a shutdown supported stock prices, and as the Dow Jones rose, USD/JPY climbed toNYDow148.67yen.

【3/17Market View