Amid expectations of a resolution to the conflict fueling dollar selling, dollar buying on stronger U.S. economic data led to no clear direction for USD/JPY.
【4/1Market overview
Tokyo time, the USD/JPY pair rose toward the initial fix as expectations for dollar buying159.01rebounded to the 159 handle but the rebound was limited. As expectations for an end to the conflict strengthened, dollar selling intensified,158.27and it fell to the 158 handle. In European trading, the USD/JPY moved without a clear direction around the lower to mid-150s158yen. In New York time,3monthADPemployment data,2month U.S. retail sales,3month U.S.ISMmanufacturing index all beat forecasts, lifting the dollar. The USD/JPY did not show a clear big direction, but158.94yen was supported higher.
【4/2Market view
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