Dollar/yen falls to the high 143s as U.S. Chicago PMI and U.S. 10-year yield retreat.
【6/30Market Overview
Tokyo time, the USD/JPY fell to 144.33 early due to investors’ risk aversion after President Trump expressed displeasure with Japan’s auto trade at the weekend,144.33then rose to 144.76 on suspected domestic demand for dollars at the Tokyo noon fix,144.76but on concerns over dollar selling by Japanese exporters and a sharp rise in the Nikkei, the upside was pared and the dollar/yen dropped to143.80yen during the European session,143.78then recovered to144.51yen.NYTime,6month Chicago Purchasing Managers’ Index (PMI) came in at40.4vs expectations of42.7, and the yield on the10year Treasury fell, pushing USD/JPY down to143.96yen.
【7/1Market View
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