The dollar at 3 p.m., was very low in the first half of 156 yen, and the Australian dollar/yen low for the first time in a month

July 23, 2024 at 3:49 PM GMT+9 (some excerpts)

The dollar/yen at 3 p.m., has been traded in the first half of 156 yen due to the depreciation of the dollar/yen appreciation since the end of the New York market the day before. The yen was generally strong, and the Australian dollar/yen hit a low for the first time in a month as being dragged by depreciation in Chinese stocks.
What was noticeable on this day was the Australian dollar. The low trend continued starting from the first half of 104 yen in the morning, and the low price since mid-June was updated between the middle of 103 yen. Since China cut interest rates unexpectedly the day before, Australian dollars, which are said to have strong economic ties, are being sold, and even against the US dollar, they hit a low of 0.66 dollars for the first time in 3 weeks.
The yen had a solid development against the US dollar, and the dollar fell from the first half of 157 yen in the morning to the first half of 156 yen. In the market, reports that Secretary General Mogi Toshimitsu of the Liberal Democratic Party stated the day before that “it is necessary to more clearly set out a policy to normalize monetary policy, including consideration of gradual interest rate increases,” etc., became a hot topic of conversation as a clue to the appreciation of the yen.