Dollar/yen extends gains for a fifth day, modestly.
【2/5Market Overview
Tokyo time, USD/JPY rose to 156.98 on the day of the order book when buying dollars was observed,5・10, but as a result of dollar selling by domestic exporters, a softer Nikkei stock average, and declines in precious metal prices, it fell temporarily to156.69yen. However, selling pressure from “Takaichi Trade” remained solid,157.06yen rose again. In European trading, USD/JPY initially declined as the Nikkei futures overnight rose, but then dollar selling and yen buying led to a brief rise to157.33yen and1/23 higher, marking a new high since then.NY time,12thMonth (JOLTS) showed job openings at654.2million, well below the forecast692.8million. USD/JPY fell to156.53yen, but selling pressure from “Takaichi Trade” remained robust, and USD/JPY retraced to the157yen level.
【2/6Market Outlook