Dollar-yen falls to the low-teens in the 143 range on softer-than-expected US PPI forecast.
【6/12Market Overview
During Tokyo time, the dollar/yen fell after President Trump said that he would “unilaterally set a tariff rate within 2 weeks” and that while there is a willingness to extend the deadline for trade negotiations, it is not considered necessary. With the Nikkei stock average weakening, it fell briefly to143.64yen. In European time, the dollar/yen saw some buying and rose to144.14yen, but concerns over geopolitical risks in the Middle East led to risk-off demand for yen, and the dollar/yen dropped below144yen.NYtime, following the previous day’s5月米CPI(Consumer Price Index) and5月米PPI(Producer Price Index) missing expectations, the dollar/yen fell to143.18yen.
【6/13Market View
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