The decline from the yen’s weakness warnings is limited, with USD/JPY in the high 159 range.
【6/24Market overview
In the Tokyo morning, there was a yen-firming remark by Kanda the Finance Minister, but the market reaction was limited, and immediately the USD/JPY rose to159.92yen. After that, due to the sense of alert for yen-buying intervention by the government and the BOJ,159.60yen territory to159.80yen territory with little movement. In European hours, as European players entered selling the dollar, USD/JPY triggered stop-loss selling158.74yen, but was quickly159yen territory bought back.NYtime, with gains in cross-yen pairs such as EUR/JPY, USD/JPY rose to159.75yen.
× ![]()