USD/JPY recovered to the 160-yen range in morning trading for the first time since coordinated intervention. Maintaining levels in the 160-yen range and developments at the G20 meeting are expected to remain the focus.
On the 28th, USD/JPY rose approximately 0.4% on a closing-price basis, ending trading above ¥160, a psychologically and technically important level. As a result, the trading range is considered likely to shift higher, from roughly ¥157-160 to ¥160-163.
The G20 meeting of finance ministers and central bank governors is the key focus today. During the meeting, which will be held in the US state of North Carolina, Finance Minister Katayama (片山) is reportedly likely to meet with US Treasury Secretary Bessent, while BOJ Governor Ueda (植田) may also hold talks with Secretary Bessent.
This morning's USD/JPY chart shows the latest range at 159.500-160.900 yen, with market attention focused on the pair's short-term direction and developments during the meeting period.
According to the view of Gaika dot com Research Institute, future currency movements may rise or fall depending on developments at the G20 meeting and in the US interest-rate market.