The dollar traded around the mid-¥153 range in morning trading, while the yen's advance paused. The market is expected to enter a phase of testing a rebound, depending on U.S. and Japanese monetary policy.
The dollar traded in a narrow range around the mid-¥153 level in morning trading, as the previous day's move toward dollar weakness and yen strength into the ¥152 range paused.
Market participants pointed to the possibility of a phase in which the market tests a rebound, with views that the direction of U.S. and Japanese monetary policy will determine its course.