USD/JPY Remains Locked in the Battle for 160 as Easing Middle East Concerns Clash with Intervention Risks
USD/JPY Remains Locked in the Battle for 160 as Easing Middle East Concerns Clash with Intervention Risks Market Overview The two dominant themes in the market remain: Middle East developments and the battle around USD/JPY 160. However, compared with last week’s environment of relentless safe-haven dollar buying, the market is now balancing: expectations of easing […]
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly USD/JPY has risen into the upper 159 range and is once again approaching the psychologically important 160 level. The main drivers behind the move are: Ongoing interest rate differentials between the United States and Japan Risk appetite supported by strong equity markets A renewed expansion […]
Dollar-yen temporarily leveled at 147.59, yen-selling gains momentum again at President Kuroda’s press conference
In the early stages of London, the dollar/yen rose from the 147 yen level to a high of 147.59. The cross yen is also bought, and the yen is selling. The euro/yen rose from around 146 yen to the 146.79 level, and the pound/yen rose from around 169 yen to the 170.00 level. Kuroda, […]
Will the dollar-yen level settle in the 116-yen range, as dollar buying will strengthen due to rising US inflation?
In the overseas market yesterday, the dollar market fluctuated violently over the US consumer price index. When the year-on-year rate of + 7.5% exceeded the previous forecast and recorded the highest growth in about 40 years, the dollar buying strengthened along with the sharp rise in the yield of US bonds. However, after that, there […]