Bowan FRB board hawkish remarks. USD/JPY holds firm in the 159 yen range.
【6/25Market Overview
In Tokyo time, USD/JPY moved toward the BoJ fixings day (5・10th) with domestic real demand for yen buying and dollar selling observed,159.18yen as the low. Thereafter, it fluctuated in the early 159s. In European session, USD/JPY moved around the mid-159s, with limited reaction to Finance Minister Suzuki’s comments on yen depreciation.NYtime, BoJBoard membersaid in a speech that “keeping policy rates unchanged for a while could help curb inflation, but readiness to hike remains if necessary,” which, together with the rise in US Treasuries yields, pushed USD/JPY up to10years159.75yen.
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