Dollar/yen shifts from risk-averse yen buying amid Middle East tensions to war-time dollar buying.
【6/13Market Overview
In Tokyo time, following Israel's airstrike on Iran, after-hoursNYfutures and the Nikkei Average tumbled, risk-off yen buying led, and USD/JPY fell to142.79. Thereafter, as dollar buying against the euro led, USD/JPY rose to143.87. In European trading, with a broad recovery in the cross yen, USD/JPY hovered solidly in the upper 140s143yen level.NYtime, as military clashes between Israel and Iran intensified and concerns grew about impacts on the global economy, safe-haven dollar buying led, pushing USD/JPY to144.48.
【6/16Market View
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