The report said that the United States demanded measures aimed at a stronger won in talks with South Korea, causing the dollar/yen to fall to 143.28.
【5/21Market Overview
During Tokyo time, the USD/JPY dropped as reports that Israel is planning to attack Iran's nuclear facilities circulated, with risk-off sentiment pushing Swiss francs higher against the dollar, leading to selling of the USD/JPY to143.46yen. In European hours, USD/JPY partially recovered to144.19yen, but after the late trading of the US index futures, expectations of selling US assets arose, keeping the dollar under pressure. NYtime, there were reports that “the United States demanded measures to strengthen the won via US-South Korea talks,” raising anticipation that there could be discussion at the US-Japan finance ministers’ meeting about correcting the yen’s weakness, causing USD/JPY to143.28yen, lower.
【5/22Market View