Yen strength continued, with USD/JPY falling below ¥156 to ¥155.85. EUR/JPY fell to ¥181.00, GBP/JPY to ¥210.36 and AUD/JPY to ¥112.14, extending their declines.
USD/JPY accelerated its decline after breaking below the ¥156 level, extending its fall to ¥155.85 at the time of writing. The market expects the yen's strengthening trend to continue, while other major currencies have also moved toward lows in yen terms. Attention is focused on developments from the London session onward.
EUR/JPY fell further to ¥181.00, GBP/JPY to ¥210.36 and AUD/JPY to ¥112.14, with yen-denominated levels for major currencies weakening broadly. This trend could continue to affect valuation gains and losses on foreign-currency-denominated assets.
The latest market moves are said to be influenced by US interest-rate trends, expectations for Japanese monetary policy and geopolitical risks. While looking for factors that could drive a short-term rebound, the market is becoming increasingly alert to downside risks.
This article reports market views as of the time of writing, and conditions may change depending on subsequent updates and new economic indicators. From the perspective of trading conditions and risk management, market participants are increasingly seeking to reconfirm the latest information.