USD/JPY is reported to be likely to trade firmly in the Tokyo foreign exchange market on the 13th. The view was expressed that higher oil prices are attracting attention amid concerns over a deterioration in the situation in the Middle East.
The outlook for USD/JPY in the Tokyo market on the 13th has been reported. Market participants believe that the dollar is likely to be bought against the yen against the backdrop of concerns over a deterioration in the Middle East situation.
Upward pressure on oil prices is considered likely to affect USD/JPY, and there is a view that USD/JPY will remain firm if higher oil prices persist. The article contains no specific figures or timing, and future developments are being closely watched.
This information is based on a Jiji Press report and was distributed as forex news by Yahoo! Finance. Readers should monitor developments in the oil market and the situation in the Middle East.