The dollar at 3 p.m., fell to the first half of 152 yen, low for the first time in two and a half months: Reuters

[Tokyo 25th Reuters] - The dollar/yen at 3 p.m., has been trading in the latter half of 152 yen, when the yen appreciated since the end of the New York market the day before.

On this day, the trend of yen surging and rising did not change, and the dollar fell to 152.23 yen at one point, and hit a low for the first time in about two and a half months since 5/3.

The yen continued to rise against currencies other than the US dollar.

The Australian dollar hit lows in the middle of 99 yen for the first time in 3 months, the euro in the first half of 165 yen for the first time in two and a half months, the British pound in the first half of 196 yen, and the Swiss franc in the first half of 172 yen for the first time in 2 months.

There are many views in the market that the reversal of yen carry trade, which had accumulated to historic levels, is accelerating the appreciation of the yen.

In the Tokyo stock market on this day, there was also a view that the biggest drop in the Nikkei Average of over 1200 yen this year led to a risk-averse appreciation of the yen.

Mr. Yoshio Iguchi, manager of the Traders Securities Market Department, said, “There have been several times until now where the appreciation of the yen progressed in a controlled manner before the Bank of Japan meeting. The yen often depreciates after the meeting, so if there is no unexpected hawkish attitude this time, there is a possibility that yen carry transactions will be revived and the yen will fall.”

Exchange Market Team