Due to declines in long-term interest rates in this country and solid U.S. economic indicators, the USD/JPY rose briefly to 144.46 yen.
【5/27Market Overview
In Tokyo time, when Governor Ueda of the Bank of Japan stated that “we will continue to raise policy rates as the economy and price situation improve, and adjust the degree of monetary easing,” the yen fell from the previous low to142.22yen and dropped to142.11yen. Later, reports saying that “the Ministry of Finance will survey government bond issuance amounts and listen to opinions broadly, including investors,” and2025fiscal year government bond issuance plan to be reviewed” circulated, causing20year bonds・40year bonds yields to fall sharply, and the USD/JPY rose to143.44yen. In European time, the USD/JPY continued to trend lower as long-term domestic yields declined, leading to yen selling.NYtime, the USD/JPY rose as U.S. and European stocks stayed firm and5月 U.S. consumer confidence index98.0exceeded market expectations87.2significantly,144.46yen.
【5/28Market View