Upon President Trump’s request to the Federal Reserve to cut rates, the dollar/yen fell to as low as 148.18 yen.
【3/20Market Overview
Tokyo time, the dollar/yen pair was soft from the previous day, as President TrumpSNSsaidFRB148.18yen, then148yen level in the lower 148s as it pared losses. In European hours, the dollar/yen approached148.17yen and the Asia-Pacific session lows, but then148yen mid-140s with a firmer bias.NYtime, against European currencies the dollar strengthened; stronger-than-expected US housing data and the smaller decline in the US 10-year yield weighed on the dollar/yen, which rose to148.96yen.
【3/21Market View
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