With global-scale system failures triggering risk-averse yen buying, USD/JPY briefly fell below 157 yen.
【7/19Market Overview
In Tokyo time, USD/JPY moved on the backdrop of the week’s closing5・10data and the observed dollar buying at the go-to-spot on Gotō day, and remarks by Kono, the Digital Minister, that “he is not directly asking the Bank of Japan to raise rates at this time,”17— which were corrected—lifting the pair to157.86yen. In European trading, a global outage at Microsoft Windows caused risk-off yen buying, pushing USD/JPY down to156.95yen. In New York time, risk-off yen buying and dollar selling accompanied by a decline in U.S. stocks, but the dollar strengthened against European and Australasian currencies, leaving USD/JPY in the low 157s range.NY時間 should be interpreted as “New York time,”yen range.
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