Observed dollar buying in London fixing pushed USD/JPY up to 144.84 yen.
【9/25Market Overview
TOKYO session, USD/JPY initially142.88yen low, but then due to expectations of household demand for dollars in Japan, the pair held its losses. Also, with euphoria over the large-scale easing policy by the PBOC the previous day, Shanghai stocks rose sharply, prompting risk-on yen selling, and at one point143yen mid-into the 143s came back up. In European hours, USD/JPY moved on the risk-on flow144toward the upper level near the yen.NY time,8 US new home sales for the prior month beat expectations, lifting the dollar. Also as month-end and quarter-end approached, in London16 time (Japan time24 time) the fixing was observed, pushing the dollar higher, and USD/JPY climbed to144.84yen.
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