Takashi City Trade Continues, USD/JPY rises to the 152 yen range.
【10/7Market Overview
During Tokyo time, the USD/JPY rose on expectations of a sharp rise in the Nikkei and dollar buying by domestic real demand players, breaking above the previous high of150.48yen to150.62yen. Afterward, following Finance Minister Suzuki’s remarks to curb yen depreciation, it pulled back to150.25yen, but the decline was limited. In European trading hours, USD/JPY continued the bullish trend (rising stocks and yen weakness),150.71yen higher.NYSEtime, with Sanae Takahashi, who is expected to advocate fiscal expansion and monetary easing as the new Liberal Democratic Party leader, taking office, speculation of an early rate hike by the Bank of Japan receded. USD/JPY rose above the8/1high150.91yen to briefly152.04yen and2/192/19highs, the highest since.
【10/8Market View