USD/JPY is expected to remain firm against a backdrop of rising US long-term yields. Reports indicate that the possibility of yen-buying intervention continues to warrant close monitoring.
USD/JPY is expected to remain firm against a backdrop of rising US long-term yields. Some observers say developments in overseas markets could affect day-to-day foreign exchange rates.
Market participants are closely watching US interest rate trends, and analysts say USD/JPY is likely to fluctuate depending on future US interest rate movements.
Views are spreading that the possibility of yen-buying intervention warrants close monitoring, and reports on the timing and scale of any intervention are expected to continue.
Future US interest rate trends and developments in Japan's policy response are expected to remain key areas of focus in the foreign exchange market.