The yen rose sharply again, driving volatility pricing to soar. Traders are ready to welcome a further increase in the exchange rate and look at 155 yen per dollar. As of press time, the dollar fell to a one-month low of around 156.40 against the yen, falling 1.4% during the day. The overnight volatility of the dollar against the yen has now soared to 17%, which is consistent with the judgment that the yen is expected to rise to around 155.40, which is close to the 155.23 level hit after the joint intervention of Japan and the US at the beginning of last month. The strengthening of the yen in this round is likely due to the combination of factors I mentioned earlier, and market sentiment has improved.
Zhitongcaijing · 2d ago
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The yen rose sharply again, driving volatility pricing to soar. Traders are ready to welcome a further increase in the exchange rate and look at 155 yen per dollar. As of press time, the dollar fell to a one-month low of around 156.40 against the yen, falling 1.4% during the day. The overnight volatility of the dollar against the yen has now soared to 17%, which is consistent with the judgment that the yen is expected to rise to around 155.40, which is close to the 155.23 level hit after the joint intervention of Japan and the US at the beginning of last month. The strengthening of the yen in this round is likely due to the combination of factors I mentioned earlier, and market sentiment has improved.
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