Dollar/yen, after a pause in dollar selling, is seeking a direction.
【8/28Market Overview
Tokyo time, USD/JPY opened lower to143.68yen, but bids by domestic players and the spot settlement day being month-end led to dollar buying toward the most recent midpoint, with a brief rebound to144.57yen. In European and U.S. hours,NYsession end approached NVIDIA earnings, cautious mood prevailed, but dollar buying for position adjustments occurred, lifting to as high as145.04yen. Afterwards, due to declines in U.S. stocks and the Nikkei futures, the USD/JPY lost momentum. NVIDIA’s second-quarter earnings previously showed per-share profit of2per share,1profit per share0.68dollars, versus the expected0.64dollars, but the impact on USD/JPY was limited.
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