On Monday (May 4), at the New York close, the USD/JPY rose 0.03% to 157.06 yen, trading in a range of 157.30-155.72 yen during the day. At 11:44 (GMT+8), there was a brief flash crash, and at 11:54, a new daily low was recorded. At 02:51, the exchange rate plunged from around 157.20 yen to below 156.60 yen.
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