On 19 October, USD/JPY surged into the 158 range. The riots in France were reportedly a factor affecting the market, and the view was expressed that euro weakness could lead to yen strength.
In the market on 19 October, USD/JPY rose to the 158 range, heightening tension in trading. Market participants pointed to a temporary sharp move.
Amid the riots in France, the view gained traction that a factor contributing to volatility had emerged in the foreign exchange market, potentially resulting in a short-term rise in volatility.
At the same time, the possibility that euro weakness could drive yen strength was discussed, providing a factor for a reassessment of the yen's relative standing.
The article provides an easy-to-understand review based on the latest news, along with an outlook for the market ahead.