Dollar-yen briefly rose to 161.28 yen, the highest since December 1986.
【6/28Market Overview
During Tokyo time, USD/JPY rose to a high of 161.28 yen due to month-end and quarter-end fixed-rate buying and the rise in the outside-of-hours U.S. Treasury yields,10reaching161.28yen, the highest since1986年12月, before consolidating around161yen. In European session, USD/JPY faced profit-taking and traded in the high 160s yen.160yen area.NYtime,5月 Personal Consumption Expenditures (PCE) price index came in roughly in line with expectations, interpreted as a sign of a slower growth trend, and USD/JPY fell to160.26yen. Subsequently,6月 U.S. Chicago Purchasing Managers’ Index,6月 University of Michigan Consumer Sentiment Index preliminary reading exceeded expectations, leading to a strong rebound. Additionally, around month-end and quarter-end London- fixing-related yen-selling flows were observed, and USD/JPY rose to160.96yen.