The dollar fell more than 1 yen from the mid-162 range to the lower 161 range in the morning session. Remarks by Satsuki Katayama, Minister of Finance and Minister of State for Financial Services, were seen as encouraging domestic investment by pension funds such as the Government Pension Investment Fund, and the dollar-yen pair temporarily dropped to 161.28 yen, its lowest since the 3rd. Motonari Sakai of Mitsubishi UFJ Trust and Banking noted that yen buying progressed amid a mood of buying back yen bonds before the remarks, but added that specific measures are unclear and sustainability is questionable. Some see the remarks as a trigger to unwind long dollar-yen positions built up after the US jobs report. With key events next week including remarks by Fed Chair Warsh and US price indicators, a wait-and-see mood may spread after the decline pauses.