Dollar-yen rises to the mid-160s on stronger-than-expected US Philly index

【7/16Market overview

In Tokyo time, USD/JPY is range-bound around162.10 yen. Prime Minister Kishida? (Note: original shows 財務相 Katayama, Minister of Finance Katayama) said, “we will respond appropriately to the FX situation at any time,” but reaction was limited. In European time, USD/JPY briefly hit a low of161.98 yen, while the previous day’s low161.89 yen and the Ichimoku cloud conversion line161.96 acted as support, causing a buyback to lead.NY time,7 month Philadelphia Fed Manufacturing Index (Philly Fed index) reading41.4 vs. expected13.0 led to a stronger than expected result, and along with the rise in the US 10-year Treasury yield, the dollar strengthened and USD/JPY broke above the previous high of162.42 yen, rising to162.54 yen.

【7/17Market outlook