Yen buying prevailed in Tokyo trading after the long weekend, sending dollar-yen below ¥158. Against a backdrop of strong US economic data and higher oil prices, expectations of a more hawkish Fed are gaining attention, while expectations for an October rate hike are rising.
Yen buying progressed in Tokyo trading after the long weekend, with dollar-yen trading below the ¥158 mark again. As market concerns over government intervention spread, movements in the dollar are attracting attention.
Against a backdrop of strong US economic data and higher oil prices, expectations that the Fed will adopt a more hawkish stance have strengthened, further raising expectations for an October rate hike. Buying of the dollar as a safe haven during times of crisis has also continued.
The Iranian president emphasized in a UN speech that Iran would not yield to the United States and Israel and signaled a willingness to fight, prompting the market to focus on geopolitical risks.