Dollar/yen fell to 142.68 yen, but was bought back up to 143.80 yen on strong U.S. economic data.
【7/1Market Overview
Tokyo time, the dollar/yen fell below the previous day’s low of143.78yen to143.44yen due to stronger-than-expected Bank of Japan diffusion and a soft Nikkei 225. It subsequently rebounded to143.93yen on dollar buying by domestic real demand, but the rebound was limited. In European hours, European players entered selling the dollar. With the decline in U.S.10year Treasury yields, the dollar/yen dropped to142.68yen.In New YorkTime,6month U.S. Manufacturing Purchasing Managers’ Index (PMI) revision,6month U.S.ISM Manufacturing ISM indices,5JOLTS) job openings exceeded expectations, and with rising U.S.10year yields, the dollar/yen rose to143.80yen.
【7/2Market View
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