NY foreign exchange market = yen is high against the dollar for the first time in 2 and a half months, sluggish growth in response to US GDP

July 26, 2024 6:18 AM GMT+9 (some excerpts)

In the New York foreign exchange market, growth was sluggish after the yen hit a high for the first time in two and a half months at one point. The monetary policy meeting to be held by the Bank of Japan next week is drawing attention. It is expected that the meeting will discuss whether additional interest rate hikes are necessary.
In the final transaction, the dollar/yen was 153.84 yen. The yen has risen 2.4% since the beginning of the week, and the momentum is recording the biggest increase since late April on a weekly basis. In addition to the reversal of yen carry trade, investment interest in yen and Swiss franc, which are safe assets, has increased in response to the recent depreciation of global stocks.