USD/SEK broke below 9.60 during the period of dollar weakness since late July, then returned to around 9.60 before rising again to 9.6230. Against the yen, it has recently traded around ¥16.65.
USD/SEK fell below 9.60 during the period of dollar weakness and krona strength that began in late July. Although it subsequently returned to around 9.60, it rose to 9.6230 at the end of last week and has been trading above that level. The pullback at the end of last week and at the start of this week was limited to the 9.6030s, and attention is focused on whether the pair can hold above 9.60.
Against the yen, it briefly reached ¥16.85 before trading around ¥16.65 amid krona weakness. Current price action is range-bound, reflecting the phase of dollar strength and krona weakness as well as broader trends in the krona market.