The dollar/yen, after entering the 151 yen range on expectations of a Bank of Japan rate hike, rebounded to the 154 yen range on stronger-than-expected U.S. GDP.
【7/25Market Overview
Tokyo time, USD/JPY rose to around153.97yen, but then, led by overseas players, there was a move to unwind yen carry trades, and USD/JPY fell toyen. In European time, as speculation of additional rate hikes by the BOJ grew, yen buying and dollar selling led. With risk-off selling of the yen accompanying declines in European and Japanese stock markets, USD/JPY fell to151.93yen.NYtime,4-6monthGDP (Gross Domestic Product)速報値NYDow Jones Industrial Average's sharp rise boosted, and USD/JPY recovered to154.31yen.
× ![]()