04/14/2024 21:45

Release： 04/14/2024 21:45

Update： 04/14/2024 21:45

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Terasu Magazine

This is a magazine for upskilling in FX trading. Two features: FX Evangelist Endō's USD/JPY analysis, and former mega-bank chief dealer Hayashi's global analysis of the foreign exchange market.

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Dollar-yen is pressured lower by geopolitical risks from the Middle East situation, but buying interest remains strong.

【4/12Market Overview

During Tokyo time, the USD/JPY weakened to around152.97yen on the selling by domestic real demand at the fixing, but then153.20yen was bought back toward the mid-153s. In European hours, with the USD strengthening against euro area currencies, USD/JPY rose to153.38yen (reaching the highest level since June 1990).NYtime, amid reports that Iran's retaliatory attack could occur within 48 hours, Israel was preparing, raising Middle East geopolitical risk and causing crude futures to surge while Dow futures outside hours fell. A risk-off yen buying led USD/JPY to briefly drop to152.58yen, but after the selling subsided, buying interest dominated. With strong expectations that the timing of US rate cuts would be pushed back, there was support for a dip in USD/JPY, sending it back to153yen and to close at153.21yen.