USD/JPY, ahead of Japanese and US financial events, slight movement around the 163 yen level.

【7/28Market Overview

Tokyo time, USD/JPY rose to around163.84yen on expectations of domestic real demand buying, then stayed within a range around163.75yen. During European time, with anticipation of the US and Japan financial events, the market mood was cautious; yen selling and dollar buying led the pair to briefly rise to163.94yen.NYtime, as concerns about the Middle East eased and the trend of “oil price down, stock up, dollar down” strengthened, USD/JPY declined to163.64yen. Afterward, there was buying interest again, and near the close rose to163.88yen.

【7/29Market View