The yen is in the high 154 yen range against the dollar, temporarily strengthening due to the relaxation of Russia's nuclear use criteria.

November 20, 2024 7:45 AM JST
In the morning of the 20th, the yen exchange rate in the Tokyo foreign exchange market was in the mid-154 yen range per dollar, slightly lower than the previous evening, as the trend of yen selling predominated into the latter half of the USA market. In response to Russian President Putin's relaxation of the criteria for the use of nuclear weapons, the yen, considered a safe asset, had temporarily risen to the upper 153 yen level.
Nomura Securities' Chief Forex Strategist Yujiro Goto pointed out in a report dated the 20th that while pressure for yen appreciation temporarily increased due to caution regarding the situation in Ukraine leading to a deterioration in risk sentiment, there has been buying of the dollar as US stocks turned higher.

As of 7:39 AM, the yen exchange rate is at 154.63 yen against the dollar (compared to 154.53 yen as of 5 PM on the 19th).
Temporarily rose to 153.29 yen in overseas markets.

Long-term interest rates in the US market have declined by around 4.40% compared to the previous day, falling by 2 basis points (bp). The Bloomberg Dollar Index has declined for the third consecutive day. The expected interest rate cut in the financial market (OIS) for December was around 60% and remained flat.