Dollar/yen inching moves with news on Middle East situation, hovering around 159 yen.
【5/21Market Overview
Tokyo time, USD/JPY declined after the Australian employment data,158.79yen news in AUD/JPY weighed on it, but at the same time, as USD bought against the Australian dollar strengthened,159.06yen rose. In European session, USD/JPY hovered around159yen, remaining firm.NYtime, following reports that “the Iranian Supreme Leader ordered keeping highly enriched uranium within Iran,” crude oil prices rose and USD/JPY climbed to159.34yen. Later, when an Iranian official denied the report, crude prices fell and USD/JPY also declined to158.81yen.
【5/22Market View