In the Tokyo market, USD/JPY was trading around ¥158.60 in the morning, after reaching ¥158.75 in overseas markets. The dollar's strength appears to be driven by higher crude oil prices.
USD/JPY was trading around ¥158.60 in the morning, after reaching ¥158.75 in overseas markets. The dollar's strength appears to be attributable to factors including higher crude oil prices.
The dollar's rise against the backdrop of higher crude oil prices is cited as a major factor, and there is speculation in the foreign exchange market that dollar buying is continuing.
USD/JPY itself was trading in the mid-¥158 range in the morning, and future market movements may continue to be influenced by trends in overseas markets and the crude oil market.