JadeFOREX

In the US market on the 19th, the number of US new unemployment claims for the week announced on the same day decreased contrary to market expectations. Awareness of the possibility that the US Federal Reserve (Fed) will continue to tighten monetary policy due to tight labor supply and demand weighed on the yen.
In the early morning of the 20th, the yen exchange rate fell in the Tokyo foreign exchange market. At 8:30 a.m., the dollar was 128.44-47 sen, a depreciation of 27 sen from the previous day at 5:00 p.m. It follows the flow of yen selling and dollar buying following the drop in US long-term interest rates in the New York market the day before.