In the Tokyo market, USD/JPY is expected to trade under pressure from both rising US interest rates and concerns about intervention, with the release of Tokyo-area CPI also pending. Market participants are watching how the currency market responds.
The market is expected to be driven primarily by USD/JPY movements, and rising US interest rates may affect the foreign exchange market. At the same time, concerns about intervention by the government and the BOJ are increasing, and caution over short-term price movements is expected to persist.
With the release of Tokyo-area CPI approaching, the inflation data may influence the direction of USD/JPY in the short term. Market participants are closely watching the CPI figure and the market's response to it.
Related news going forward may increase or decrease as developments in US interest rates and the release of domestic inflation indicators provide additional trading factors for USD/JPY. When further reports emerge, market participants are expected to focus on how each factor affects the market.