The dollar/yen continued to rise for the fifth day. With Takashi’s trading continuing, it temporarily rose to 153.00 yen.
【10/8Market Overview
Tokyo time, USD/JPY pulled back on a day of repeated gains and profit-taking,151.74yen to the downside, but as buying of dollars against NZD strengthened, itNZdollar rose,152.65yen and2/14hit a fresh high since152yen around mid-session. In European hours, USD/JPY stayed around the mid-152s.NYtime, following remarks by Noda (Sanae Takashi?) as Liberal Democratic Party leader, signaling pro-spending and monetary easing raising concerns about fiscal deterioration and expectations for an early BOJ rate hike fading, leading to renewed yen selling and dollar buying. USD/JPY briefly reached153.00yen and2/14highs not seen in about8months, extending gains for a fifth day.
【10/9Market View
× ![]()