Akira Moroga, chief market strategist at Aozora Bank, said the yen's rise against the dollar on Tuesday could reflect profit-taking and dollar selling by Japanese exporters towards the end of the month.。Yen up 0 at one point.3%, to $1 to 159.19 yen。On days ending in 5 or 0, such as the 25th, USD / JPY commercial transactions tend to increase, and the actual demand transactions may increase tomorrow because the spot transactions will be settled at the end of the month。Yen could return to 160 level by end of month。(Bloomberg)
Akira Moroga, chief market strategist at Aozora Bank, said the yen's rise against the dollar on Tuesday could reflect profit-taking and dollar selling by Japanese exporters towards the end of the month.。Yen up 0 at one point.3%, to $1 to 159.19 yen。On days ending in 5 or 0, such as the 25th, USD / JPY commercial transactions tend to increase, and the actual demand transactions may increase tomorrow because the spot transactions will be settled at the end of the month。Yen could return to 160 level by end of month。(Bloomberg)
Akira Moroga, chief market strategist at Aozora Bank, said the yen's rise against the dollar on Tuesday could reflect profit-taking and dollar selling by Japanese exporters towards the end of the month.。Yen up 0 at one point.3%, to $1 to 159.19 yen。On days ending in 5 or 0, such as the 25th, USD / JPY commercial transactions tend to increase, and the actual demand transactions may increase tomorrow because the spot transactions will be settled at the end of the month。Yen could return to 160 level by end of month。(Bloomberg)
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