USD/JPY rises for the third day. Risk-off fears due to political instability in France retreat.
【6/17Market Overview
In Tokyo time, when domestic demand for dollars was observed, the USD/JPY rose to around157.66yen. However, due to declines in the Nikkei and other factors, it fell to around157.16yen. In European trading hours, as European stocks, which had been drifting lower amid political uncertainty in France, began to rebound, risk-off sentiment declined, leading to yen selling and dollar buying.NYtime,6month US NY Fed manufacturing index▲6.0(consensus▲10.5), then US10year bond yields rose, continuing the trend of yen selling and dollar buying, pushing USD/JPY up to157.96yen.
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