The dollar/yen rose to as high as 146.21 yen, supported by a rise in US stocks, among other factors.
【6/20Market Overview
During Tokyo time, the USD/JPY fell as the caution surrounding the US attack on Iran eased, and the domestic5monthCPI (Consumer Price Index) is expected to show a strong result, pushing the pair down to145.12yen.5monthCPIcore index surpassed market expectations+3.6+3.7% %,year月Januarysince145yen in the early part of the range.In European time, USD/JPY rose as dollar selling and yen buying led by gains in European and US stocks,145.96toyen.During NY time, amid easing fears of US military intervention in the Middle East, dollar buying and yen selling ahead of a rise in US stocks continued. Reports that “the US government may revoke exemptions for allied countries with semiconductor factories in China” and that talks on nuclear and regional issues among the UK, Germany, France, and Iran have ended caused US stocks to stall. USD/JPY saw some pullback but the downside was limited. By the close, it picked up again, briefly reaching146.21yen andthe5/29highs.
【6/23Market View