USD/JPY at 158.50, highest since 25 September; BOJ board member Sato (佐藤) and concerns over French politics

The story

In the foreign exchange market, USD/JPY rose to ¥158.50, reaching its highest level since 25 September. The pair has continued to test higher levels during trading hours.

Market participants said that comments by BOJ Policy Board member Sato (佐藤) may have contributed to the move, while also suggesting that instability in French politics is weighing on the yen.

Some market participants also believe the new high is linked to movements in US interest rates and other markets, but the article does not mention specific figures or trading strategies. Many market participants are watching developments closely.

At a glance

LevelRose to ¥158.50

High sinceUpdated the high since 25 September

CauseComments by BOJ Policy Board member Sato (佐藤) and uncertainty over French politics

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