Overly optimistic US economic slowdown concerns retreat, dollar/yen rises temporarily to the 145 level.
【5/28Market Overview
In Tokyo time, the dollar/yen40year bond auction results temporarily pushed it up to144.77yen. However, the bid-to-cover ratio for the 40-year bond auction was the weakest since40year2024July, and as long-term yields, led by the 40-year bond yield, rose, the upside for the dollar/yen weakened to144.10yen. In European time, the dollar/yen stayed around the144yen level, holding firm. In New York time, after the previous day’s (5/27) consumer confidence index was released showing favorable results and concerns about U.S. economic slowdown eased, dollar buying led. Also due to the rise in the 10-year U.S. Treasury yield, the dollar/yen rose to145.08yen.
【5/29Market Outlook
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