Dollar/yen falls for the first time in three days amid uncertainty surrounding the U.S. presidential election.
【7/22Market Overview
In Tokyo time, the USD/JPY rose to 157.61 yen on the observation of intraday genuine demand for dollars.157.61Afterwards, as the Nikkei stock average fell, the USD/JPY fell as well. Also, with President Biden indicating the intention to withdraw from the November presidential election, there was a sense of uncertainty about the U.S. presidential election, and intermittent stop-loss selling occurred.11By around15o'clock156.28yen, bottomed. In European trading hours, the USD/JPY was guided by buybacks supported by gains in European and U.S. equities.NYtime, U.S.10year Treasury yields rose, pushing the USD/JPY to157.17yen.
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