The government presented two reflationists as candidates for the Bank of Japan's policy board, and the USD/JPY pair rebounded to just below 157 yen.
【2/25Market Overview
In Tokyo time, the dollar/yen fell to155.33yen, but after reports that the government proposed Asada and Sato, both known as doves, for the Bank of Japan's policy board seats, the pair rebounded to156.04yen. In European time, with the government's BOJ policy board nominations suggesting a premature rate hike outlook by the BOJ fading, stock prices rose and the yen weakened, with the dollar/yen rising to156.82yen. In New York time, after the initial buying, the upside faded, and the dollar/yen fell to156.23yen.
【2/26Market View
× ![]()