Dollar/yen rose to 161.84 yen on expectations of a US rate hike.

【6/24Market Overview

During Tokyo time, dollar/yen traded in a range around 161.60 amid a mix of expectations for U.S. rate hikes and caution over yen-buying intervention by Japanese authorities.161.60In European trading, the dollar-buying trend continued, and USD/JPY rose to161.77yen.In New York time, supported by expectations for U.S. rate hikes, there was a rise in yen-selling and dollar-buying, and USD/JPY climbed to161.84yen. However, concerns about yen-buying intervention by Japanese authorities remained,6month22had the high161.92yen; the high for July 20242024year7month was watched as resistance at161.95yen.161.84yen. However, concerns about yen-buying intervention by Japanese authorities remained,6month22had the high161.92yen; the high for July 20242024year7month was watched as resistance at161.95yen.

【6/25Market View