The dollar-yen rate approached the ¥153 range for the first time in about six months, with concern over measures to correct the yen's weakness and the moves of New York market participants the focus today.
外為どっとコム released a video covering the previous day's market review and the outlook for the day ahead, focusing on the dollar-yen rate. The commentary was prepared by a currency analyst at the company's research institute.
The impact of persistent concern over measures to correct the yen's weakness was highlighted as a market driver, with the dollar-yen rate seen moving at times against a backdrop of yen depreciation.
The sustainability of yen appreciation pressure and the moves of New York market participants after the holiday were identified as the key factors to watch today. These factors are expected to drive the foreign exchange market.
The English summary says that yen appreciation pressure could intensify if the dollar-yen rate continues to trade below the ¥155 level.