1 dollar = first half of the 161 yen range, holding adjustments underpinned by US employment statistics - US holiday
2024/7/5 7:22 JST (some excerpts)
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 5th was 1 dollar = the first half of the 161 yen range, and it remained almost flat from the evening before. While the US was closed in overseas time, there was also a scene where it temporarily rose to the 160 yen level due to holding adjustments. While the trend in the 161 yen range continues, there is a possibility that market price fluctuations will increase in response to US employment statistics, and caution against exchange intervention by the government and the Bank of Japan is also smoldering.
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 5th was 1 dollar = the first half of the 161 yen range, and it remained almost flat from the evening before. While the US was closed in overseas time, there was also a scene where it temporarily rose to the 160 yen level due to holding adjustments. While the trend in the 161 yen range continues, there is a possibility that market price fluctuations will increase in response to US employment statistics, and caution against exchange intervention by the government and the Bank of Japan is also smoldering.
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KoolkoalaSM : In order to raise the value of yen against the US dollar by 1 yen, the Bank of Japan must release its reserves of US dollars by about 1 trillion yen. There are now approximately 7 trillion yen left in that savings. Even if this is used up, the maximum limit is 153 yen, and this is “game over,” and from there, we will finally enter the 220 yen era rather than 170 yen. It really is “water on burnt stones.” Unless the abnormal difference in interest between the two countries' currencies is resolved, this era will surely arrive. Let's all make up our minds and face it.