Column: Exploring how far the yen short rebound will last, dollar/yen from fundamentals = Mr. Toru Sasaki
July 26, 2024 9:47 AM GMT+9 (some excerpts)
is rising rapidly. While there is a possibility that yen buying intervention was carried out in the previous week, the rebound of the yen short position continues due to rising expectations for interest rate increases at the Bank of Japan monetary policy meeting next week. As a result, the dollar/yen exchange rate fell 5% or more from the latter half of the 161 yen range to the 152 yen level in 2 weeks from the 11th.
Looking at the gain/fall rate of major currencies over the past 2 weeks, the euro and the US dollar are moderately performing among major currencies, so they are not weak, but since the yen is alone, the yen appreciates drastically, both the dollar/yen and the euro/yen have progressed drastically.
Looking at the gain/fall rate of major currencies over the past 2 weeks, the euro and the US dollar are moderately performing among major currencies, so they are not weak, but since the yen is alone, the yen appreciates drastically, both the dollar/yen and the euro/yen have progressed drastically.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment