Dollar/yen extends gains for a third day. On rising U.S. 10-year Treasury yields, it climbed as high as 148.58 yen.

【7/28Market Overview

Tokyo time, the dollar/yen pair saw selling of the dollar ahead of the lunchtime fix,147.51and it fell to the 147.51 yen level, but then buying resumed148.02and it rose to the 148.02 yen level. Afterwards, it edged down to the mid-147s. During European hours, dollar buying strengthened as the euro/dollar fell, pushing the dollar/yen to148.44yen. Later, on the back of the decline in US10year Treasury yields, it briefly fell to147.93yen, but soon recovered the148yen level. In New York time, dollar buying and yen selling led by the rise in US10year yields pushed the dollar/yen to148.58yen.

【7/29Market Outlook