Amid escalating Middle East tensions and the flow of “emergency dollar buying,” the USD/JPY rose to as high as 145.77 yen.
【6/19Market Overview
Tokyo time, the dollar/yen moved lower to144.73yen in the early session, but subsequently145.35yen was bought back. In European time, with concerns over U.S. military intervention in the Middle East, "safe-haven dollar buying" led the way, and the pair briefly rose to145.77yen, the highest since5/29. In New York time, White House spokesperson Sean Spicer stated that “President Trump will decide on an attack on Iran within two weeks” and that “the president still believes diplomacy with Iran is an option,” which eased excessive risk aversion toward the Middle East, and the dollar/yen dipped to145.34yen.
【6/20Market View
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