The dollar/yen continues to drop to the near 151 yen level as expectations for an early rate hike by the Bank of Japan rise.
【2/17Market overview
Tokyo time, Japan10-12month GDP(Real Gross Domestic Product)速報値(preliminary) significantly surpassed expectations, raising expectations of earlier BOJ rate hikes. Along with the rise in long-term Japanese yields, yen selling led, and USD/JPY fell to151.47yen. In European hours, after a brief pause in the decline, the USD/JPY staged a rebound to151.94yen, but later faced resistance near the upside.NYtime, with the U.S. markets closed for Presidents' Day holiday, speculation about additional BOJ rate hikes spread, and USD/JPY fell to151.33yen.
【2/18Market outlook
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