The dollar rebounded to the latter half of 158 yen at 3 p.m., and intervention vigilance remained unchanged due to pushy buying

July 16, 2024 at 3:52 p.m. (some excerpts)

The dollar/yen at 3 p.m., has been traded in the latter half of 158 yen with the appreciation of the dollar/depreciation of the yen since the end of the New York market the day before. In the first half of 158 yen, which was the first low in a month, high-profile purchases gathered due to a sense of affordability.
The dollar rose after the consecutive holidays, starting at 158 yen in the morning. Since it was the first low price range in a long time, it is said that “it was easy for high-profile purchases to enter, including actual demand” (analyst at a domestic financial institution), and it temporarily switched back to 158.79 yen in the afternoon.
However, since the sharp rise in yen has occurred multiple times since the previous weekend, there was a growing sense of caution against yen buying intervention in the market, and the buying momentum did not continue. After 3:00 p.m., it fell slightly to the middle of 158 yen and was traded.