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Market nerves support the dollar, the yen

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HONG KONG – the yen occupied most of it

on Friday rose overnight after falling profitability and the U.S. market

excitement supported the Japanese currency, and another wall

Street sales have led to a dollar rate on flight safety

remains about 20-year highs.

On Friday morning, the yen was at 129.14 per dollar,

softening the day after it reached a two-week peak

127.5 per night.

The 1.2% drop in the dollar / yen on Thursday was the biggest daily

percentage drop this year. The euro / yen fell by 2.5%.

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the largest daily drop in interest since 2016 as a common currency

a victim of a “risk” mood.

“Yen is perhaps the most obvious signal of transition from

a world where profitability was dominant and risk was steady (he

negative), in a world this week where the dominant force is acidic

risk appetite reduces profits (positive yen), ”Alan said

Ruskin, macro-strategist of Deutsche Bank in a note.

The benchmark return for 10 years of the US was 2.8822%

lowering each session this week from a high on Monday

3.203%.

Growing U.S. yields at a time when the Bank of Japan was

intervention to keep Japanese benchmark yields pressed triggered

yen soften this year.

Investors continue to move to safe assets

fearing that raising the central bank’s rate to curb inflation could strike a blow

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global economic growth while the MSCI sensor shares around

the world has fallen to its lowest level since

November 2020.

After the Fed raised the benchmark overnight

at 50 basis points last week, the biggest increase in 22 years,

investors assess how aggressive the central bank’s policy is

the way will be.

Expectations are fully appreciated for the next hike in

at least 50 basis points at a central bank meeting in June,

according to the FedEatch CME tool.

The euro was at $ 1,038, approaching the 2017 low

$ 1,034. The break, which will be the lowest in almost 20

years.

The weak euro simply kept the dollar index at 104.75

from a 20-year peak of 104.92.

Sterling fell to $ 1.2206 as an Australian

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the dollar also received a bruise at $ 0.6887.

Crypto-markets were more stable on Friday after the week

hustle and bustle, because the risky mood is combined with spectacular

collapse of the stable TerraUSD coin.

The sale took everyone’s aggregate market value

cryptocurrencies up to $ 1.2 trillion, less than half of it

was last November, based on data from CoinMarketCap, and shipped

bitcoin to $ 25,401.05 on Thursday, the lowest level

from December 28, 2020

But things were calmer at the start of trading on Friday s

bitcoin rose 1.73% and traded about $ 29,400.

============================================= == ======

Exchange rates at 01:24 GMT

Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid

Previous change

Session

Euro / Dollar $ 1.0382 $ 1.0383 + 0.00% -8.67% +1.0389 +1.0374

Dollar / yen 129.1250 128.3600 + 0.60% + 12.27% +129.1650 +128.3500

Euro / Yen

Dollar / Swiss 1.0031 1.0029 + 0.04% + 9.99% +1.0035 +1.0026

Sterling / Dollar 1.2208 1.2198 + 0.14% -9.68% +1.2215 +1.2200

Dollar / Canadian 1.3011 1.3045 -0.27% + 2.89% +1.3049 +1.3009

Australian Dollar 0.6883 0.6858 + 0.39% -5.30% +0.6892 +0.6857

NZ 0.6248 0.6233 + 0.26% -8.70% + 0.6254 + 0.6236

Dollar / Dollar

All stains

Tokyo spots

Europe spots

Volatility

Information on the Forex market in Tokyo from the Bank of Japan

(Report by Alan John; edited by Sam Holmes)

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