Concerns over the removal of Powell as Fed Chair and the U.S.-Japan finance ministers’ talks, causing the dollar/yen to fall to as low as 140.46 yen.
【4/21Market Overview
In Tokyo time, the dollar/yen pair was concerned with PowellFRBchair resignation issue and the potential discussion on yen depreciation at the Japan-U.S. finance ministers meeting on the 24th, spurring a brief move to140.62yen, the lowest since last year9month. In European hours, with major European markets closed for Easter Monday, the dollar/yen fell to140.48yen. Thereafter, it was bought back to141.07yen. In New York time, the dollar/yen traded in a range around the upper 140s without a clear direction.Time, the dollar/yen showed little direction, fluctuating mainly around the upper140yen range.
【4/22Market View
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