Source: Wall Street News
The US dollar broke through 157 intraday against the yen, reaching the 157.25 line, rising more than 1% in the day. This is the first time since May 10, 1990, and has accumulated an increase of more than 11% so far this year. The governor of the Bank of Japan said that the impact of foreign exchange on the Japanese economy includes positive factors, and the weak yen has a positive impact on demand.
The US dollar broke through 157 intraday against the yen, reaching the 157.25 line, rising more than 1% in the day. This is the first time since May 10, 1990, and has accumulated an increase of more than 11% so far this year. The governor of the Bank of Japan said that the impact of foreign exchange on the Japanese economy includes positive factors, and the weak yen has a positive impact on demand.
EUR/JPY maintained gains of more than 0.5% and fluctuated below 168. Bank of Japan Governor Kazuo Ueda once rose to 168.35 after the press conference, approaching the phased peak of 169.96 on July 23, 2008.
The pound maintained a gain of around 0.7% against the yen, hovering above 196. The US PCE inflation index rose to 196.597 when it was released, approaching the phased peak of 200.373 on August 29, 2008, and reached 223.770 on January 1 of that year.
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