USD/JPY, volatile moves on Middle East situation reports.
【6/16Market Overview
During Tokyo time, as geopolitical risks surrounding Israel and Iran increased, the overseas market last weekend saw a “safe-haven dollar buying” move, and in the morning144.75yen rose to around6/17ahead of the Bank of Japan Monetary Policy Meeting results, with position adjustments leading to a slight softening. In European time, the dollar/yen hovered around the mid-144s; when some reports indicated that “Iran is open to easing combat with Israel,” crude oil prices fell and U.S. stock markets rose further. Broad dollar selling led the dollar/yen to briefly retreat to around144yen. NYTime, when the London fixing showed dollar buying, the dollar/yen recovered to around144yen. Also, when reports suggested that “Iran is preparing a large-scale attack on Israel” and “Israel will attack Iran again,” dollar buying led the dollar/yen to rise to144.87yen.
【6/17Market View