[Foreign Exchange: Today's Factors] USD/JPY likely to remain firm on higher oil prices and rising US yields (2nd) (Jiji Press)

The story

USD/JPY is the focus of attention in the Tokyo foreign exchange market on the 2nd. Oil prices rose amid concerns about worsening tensions in the Middle East, while rising long-term US Treasury yields were also cited as a factor supporting the dollar.

The article says higher oil prices and rising US yields are expected to support a firm USD/JPY market. The outlook is expected to depend on oil prices and interest-rate trends.

At a glance

Posted atPublished at 8:03

BackgroundHigher oil prices and rising long-term US Treasury yields amid concerns about worsening tensions in the Middle East

OutlookUSD/JPY is expected to remain firm

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