5.27 The expected dollar buying comes in as planned.
This article is not intended to indicate or recommend buying or selling timing.
Please make your own investment decisions.
As written in yesterday evening's article, the development has moved toward a dollar-buying trend.
Some view it as driven by rising interest rates, but the advance is led by dollar buying, so it is reasonable to think that, as I had anticipated at the beginning of the week, positions are being unwound before the PCE deflator release.
Given that the CPI figure was unexpectedly high, the move is reasonable.
Additionally, the yen has weakened significantly, and the USD/JPY has surged, breaking through yesterday's high.
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