In the foreign exchange market for the week that ended on June 29th, the dollar weakened against other major currencies following the ceasefire agreement between Iran and Israel, which came after an escalation of geopolitical tensions in the Middle East.

In the foreign exchange market for the week that ended on June 22nd, traders were increasingly aware of geopolitical risk. Also, they focused on the fiscal policy announcements from some major central banks.

In the foreign exchange market for the week that ended on June 8th, the dollar continued to weaken against the yen, and the USDJPY fell to the 142 yen range. However, steady U.S. employment data boosted dollar buying, lifting the pair back up to the 145 yen range.