Forex Top Team

Dollar yen rebounds, to the latter half of the 123 yen level

Adjustments have been made to yen sales in the early stages of London. The dollar-yen pair fell back from the 124-yen level to 123.60. The cross yen has also fallen, with the euro-yen temporarily falling below the 136-yen level, the pound-yen below the 163-yen level, and the Australian dollar-yen below the 93-yen level. In both cases, the yen has fallen by more than 1 yen from the high price after a significant depreciation of about 3 yen from the Tokyo market.

As soon as I rushed to the 125 yen level, I bought a big yen. The Bank of Japan has begun to see the movement of intervention, such as invoking the continuous limit operation system for the first time. It is assumed that Japanese yen repurchases are likely to come out from here.

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