The movement of the foreign exchange market depends on the stock market. The Nikkei 225 fell below 50,000 yen to around 49,650 yen and the dollar softened to around 152.85 yen, but as the Nikkei 225 rebounded, the dollar also returned to around 153.50 yen. Euroyen similarly softened to around 176.50 yen but rebounded to 177.15 yen.
The recent correction in virtual currencies and gold was followed by profit-taking in many tech stocks, including Palantir, which fell -7.94% on the U.S. stock market as overly expensive AI-related shares were weighed down.
In the Tokyo market, the Nikkei dropped below 50,000 yen to around 49,000 yen at one point, as major sell-offs were seen in previous market leaders such as Advantest and SoftBank. However, it rebounded sharply toward the close, rebounding to the mid-JPY 50,000 level.

In the Tokyo market, the dollar dropped sharply to 152.96 yen against the dollar and 175.70 yen against the euro in tandem with this stock price movement, but they returned to their values as the stock market rebounded.
The U.S. stock market will likely dictate the dollar-yen market. High-tech stocks were the main focus, with NVIDIA in particular falling sharply.
It had been hoped that the company would be able to export chips with reduced performance to China, which accounts for 40% of the world’s semiconductor demand, but the U.S. government ultimately did not allow it. The stock price will not be able to maintain a high level because NVIDIA’s sales will decrease by that amount.

Will NVIDIA target lower prices again from here, or will this be a buying opportunity? That is the difficult part.
It depends on overseas stock markets. The euro-dollar is also firm in the mid $1.14 range.

The dollar may have hit a light ceiling, although it is slowly rising due to position adjustments before the weekend.
However, considering that it is close to the end of the year, there may be some profit-taking selling.