Following reports of expectations such as the Bank of Japan's rate hike and the halving of bond purchases, the dollar/yen fell to the low-153 yen range.
【7/24Market Overview
Tokyo time, USD/JPY rose to the 155.98 level on early domestic demand for dollars155.98yen, then as expectations for BoJ rate hikes increased, positions were adjusted with selling, breaking below 155155yen to 154.38154.38yen. In European hours, some news agencies reported expectations that the BoJ would consider raising rates at next week's monetary policy meeting and plans to halve its government bond purchases in the coming years, triggering yen buying and dollar selling.NYtime, amid global stock declines, risk-off yen buying also led, and USD/JPY fell to153.10yen, but after selling eased, the rise in US Treasuries yielded in the 10-year rose, helping price to recover to the 154 level.10yenlevel.
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