Dollar/yen continues to fall after Bassent's remarks.

【8/13Market Overview

Tokyo time, the dollar/yen rose toTokyo time, the dollar/yen advanced to148.17148.17yen on the back of the Nikkei average hitting record highs for several days and expectations of dollar buying by domestic demand playersyen on expectations of dollar buying by domestic demand as the Nikkei average rose to record highs for several days147.80147.80yen level on the upside as long-term domestic rates roseyen came under pressure as domestic long-term yields rose147.57147.57yen was breachedyen breached147.18147.18yen as it fell toyen as it fell toNYNYtime, U.S. Treasury Secretary Janet Yellen said the U.S. rate should be at a level lower than now bytime, U.S. Treasury Secretary Janet Yellen said that U.S. rates should be at a level lower by1.501.50--1.751.75％%lowerlower0.500.50％%loweredrate cut is highly likely0.500.50％%

8/148/14Market ViewMarket View