The dollar/yen continues to rise marginally for the third day in a row.
【1/22Market Overview
Tokyo time, yesterday, following President Trump’s remarks at the Davos forum expressing intent to pursue ownership of Greenland while signaling opposition to the use of force, concerns over intensified U.S.-Europe tensions eased, and dollar buying led the way. With a sharp rise in the Nikkei 225, the USD/JPY rose to158.85yen. In European hours, dollar buying and yen selling led the dollar/yen higher, reaching as high as158.89yen.During New York tradinghours, while concerns about U.S.-Europe tensions stemming from the Greenland issue eased for now, the market generally held that “the concerns of U.S.-European confrontation have not been erased, and it will take time to calm,” leading to dollar selling and a fall in USD/JPY to158.23yen.
【1/23Market View