Dollar/yen rises, briefly touching 147.98 yen as the U.S. 10-year Treasury yield climbs.

【8/18Market Overview

Tokyo time, dollar/yen rose as domestic demand around mid-August recovered, and the Nikkei stock average hit a record high,147.58yen reached. After that it stayed around147.40yen. In European time, due to the decline in US Treasuries yields afterhours, the dollar/yen fell to147.12yen, but then bought back to around147.40yen. In NY time, the rise in US long-term interest rates and other factors led to a yen sell-off and dollar buying.NYWhen the NY session participants bought dollars, dollar/yen moved past the previous week's high of147.87yen, briefly reaching147.98yen.

【8/19Market View