As concerns over Middle East tensions ease, the yen weakens and the dollar strengthens, with USD/JPY rising to as high as 145.95.
【6/25Market Overview
During Tokyo time, on Go-to day (5・10th), at the funds-demand rate, dollar buying was observed, and the USD/JPY rose to145.04yen; when Tamura Bank of Japan member expressed views such as “if upside price risks intensify, decisive action is possible,” the pair fell to144.60yen, but afterward it stabilized and was bought back to145.20yen. In European time, as concerns about Middle East tensions eased, yen selling and dollar buying led the way.NYtime, with U.S.10year bond yields rising providing a footing for dollar buying, and USD/JPY temporarily rose to145.95yen; however, as key levels146.00yen and the previous day’s high146.19yen became visible resistance, the upside weakened. Additionally, May new home sales came in below expectations, weighing on the market, and USD/JPY fell to145.10yen.
【6/26Market View