Foreign exchange: The dollar fell to the mid-150 yen range, with selling ahead in end-of-month trades.
November 29, 2024, 9:27 AM GMT+9
<09:35> Dollar falls to mid-150 yen level, selling pressure dominates end-of-month trades
The dollar widened its decline to 150.88 yen. Following the slightly higher-than-expected announcement of the urban area CPI, the probability of a rate hike in December priced in by the interest rate futures market increased slightly to 56%, but at the same time in the market, voices pointing out selling pressure related to end-of-month trades were heard. "Technically, it is likely to test the mid-150 yen level, which was the lowest on the 28th," said a FX company official.
The dollar widened its decline to 150.88 yen. Following the slightly higher-than-expected announcement of the urban area CPI, the probability of a rate hike in December priced in by the interest rate futures market increased slightly to 56%, but at the same time in the market, voices pointing out selling pressure related to end-of-month trades were heard. "Technically, it is likely to test the mid-150 yen level, which was the lowest on the 28th," said a FX company official.
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