USD/JPY rose briefly to 159.37 yen after the fading expectation of an end to the war.

【5/26Market Overview

In Tokyo time, the dollar/yen rose as crude oil futures rose,159.00yen to rise. After that, it paused, but after confirming a floor near the low, it broke above the previous day’s high159.04yen to159.08yen. In European time, reports emerged that the US Central Command had attacked southern Iran's missile launch bases and ships attempting to lay mines, while Iran's Revolutionary Guards claimed that5/25there was a US airspace intrusion and an unmanned aircraft1had been shot down. As a result, expectations for an end to the conflict between the US and Iran faded, and dollar buying led price moves along with a rise in crude futures.NYtime,5month US Consumer Confidence Index was93.1and exceeded expectations92.0, causing the dollar/yen to briefly reach159.37yen and4/30levels, marking a fresh high since then. After the initial buying, due to caution over possible currency intervention by Japanese authorities, the rise cooled, but with cross-yen gains, the downside was limited.

【5/27Market Outlook