Dollar at 162 yen level in Tokyo; geopolitical risk and intervention concerns drive pricing
Ключевые моменты
- On the morning of 13 May, the dollar traded at the 162.09-162.10 yen level in Tokyo.
- During the same hours, the Euro declined to the 184.71-184.72 yen level.
- Uncertainty in US-Iran negotiations created "crisis buying" for the dollar.
- The market is dominated by cautious expectations regarding the possibility of foreign exchange intervention by the Japanese government and the Central Bank.
В цифрах
On the morning of Monday, 13 May, in Tokyo foreign exchange markets, the Japanese yen traded in the first half of the 162 yen range against the dollar. As of 10:00, the dollar gained 0.40 yen compared to the previous weekend, rising to the 162.09-162.10 yen level.
During the same hours, the Euro lost 0.21 yen against the Japanese yen, declining to the 184.71-184.72 yen level. Thus, the yen followed a mixed course against both the dollar and the Euro.
In the market, the increasing uncertainty regarding negotiations to end the conflict between the US and Iran led to "crisis buying" for the dollar. On the other hand, market participants are closely monitoring the possibility that the Japanese government and the Central Bank might intervene in the foreign exchange market.
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Часто задаваемые вопросы
- What was the dollar/yen exchange rate in the Tokyo foreign exchange market in the morning?
- As of 10:00, the dollar gained 0.40 yen compared to the previous weekend, trading at the 162.09-162.10 yen level.
- Why did the dollar strengthen against the yen?
- The uncertainty surrounding negotiations to end the conflict between the US and Iran increased investors' demand for the dollar as a safe haven.
- Can the Japanese government intervene in foreign exchange markets?
- There is a strong expectation and close monitoring in the markets regarding the possibility that the Japanese government and the Central Bank (BOJ) might make an exchange rate intervention.
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