Middle East situation.
I thought the pollen had finally settled down, but the souchou (poison pollen) and strong gusts have got to the small, sleepy folks, hello.
I can't seem to hang laundry outside easily.
Now, news that concerns the yellow dust as well.
(Quoted from Yahoo News below)
Yen strengthens, briefly hitting 153 per dollar; risk aversion as Middle East tensions rise
In Tokyo foreign exchange market on the 19th, the yen rose against the dollar, briefly reaching 1 dollar = 153 yen 59 sen. With the Iran-Israel conflict intensifying and concerns that Middle East tensions will mount, investors sought relatively safe assets, buying the yen.
As of 5 p.m., the yen was 20 sen weaker against the dollar from the previous day, at 1 dollar = 154 yen 47-49 sen. The euro was 18 sen stronger against the yen and 1 euro = 164 yen 59-63 sen.
In the morning, with expectations of Fed rate cuts fading, yen selling and dollar buying were ahead of the widening U.S.-Japan interest rate gap. After the yen surged, there was also buying back of dollars.
Market participants noted, “The yen’s downtrend hasn’t changed.”
…That’s the gist.
Middle East tensions are becoming more acute, aren’t they.
They say closing the Strait of Hormuz would be “easier than drinking water,” as once said, but I hope things do not deteriorate further from now on.
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