With no novel materials, the USD/JPY is hovering around the 156 yen level with little movement.
【1/6Market overview
Tokyo time, USD/JPY rose on expectations of domestic real demand for dollars and the rise in the Nikkei average156.79yen to the level of156.79yen. After that, gains faded. In European time, when China’s Ministry of Commerce announced that it would “completely ban exports of dual-use products to Japan,” concerns about worsening Japan-China relations led to a brief dip to156.16yen.NYtime, USD/JPY rose to156.74yen on the rise in the U.S. 10-year Treasury yield.
【1/7Market view
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