Dollar/yen continues to rise steadily, briefly reaching 160.39 yen.
【6/8Market Overview
Tokyo time, the USD/JPY advanced as risks of conflict between Iran and Israel continued over the weekend, briefly surpassing the previous week’s high of160.34yen and climbing to160.39yen. However, gains waned a bit amid expectations of Japanese intervention. In European hours, after Iran and Israel announced mutual pauses in hostilities, crude oil futures prices fell, and the USD/JPY dropped to159.84yen.NYSEtime, U.S.10year note yields rose gradually, leading to dollar buying, and USD/JPY retraced to160.26yen.
【6/9Market Outlook