The dollar/yen is nervously trading in the high 161s as expectations for a U.S. rate hike and vigilance over a potential yen-buying intervention mingle.
【6/26Market Overview
Tokyo time, the USD/JPY rose to as high as161.84yen, but following a sharp drop in the Nikkei, it fell to161.53yen. In European trading, the USD/JPY gradually moved off its bottom.NYtime, amid euro-dollar strength and yen selling-to-buy-dollar activity, plus dollar buying around the London fixing, the pair recovered to161.77yen.
【6/29Market View