With expectations for progress in peace talks between the United States and Iran, the dollar/yen fell to the 158 yen level.
【4/14Market Overview
During Tokyo time, as expectations persist that peace talks between the United States and Iran will continue, geopolitical risk in the Middle East has eased and crude oil futures prices have fallen. In the currency market, the unwind of “safe-haven dollar buying” progressed, and the USD/JPY declined to158.95yen. After selling subsided, it was bought back to around159.28yen. In European trading, reports that a second round of talks toward ending the conflict between the United States and Iran could be held this weekend, and that Iran is considering halting transportation through the Strait of Hormuz to avoid a stalemate in negotiations, led to a decline in crude oil futures, with the unwinding of safe-haven dollar buying in the currency market taking the lead. NYtime,3months USPPI(Producer Price Index) was weaker than expected, the US 10-year Treasury yields fell, and crude oil prices dropped, causing the USD/JPY to158.60yen.
【4/15Market View