In the Tokyo market on the morning of the 29th, dollar-yen rose as high as ¥157.58 before falling to ¥157.20 amid caution over coordinated intervention by Japan and the US. US long-term interest rates continued to rise, while dollar buying and yen buying offset each other.
In the Tokyo market on the morning of the 29th, dollar-yen rebounded before rising as high as ¥157.58 against the backdrop of movements in US long-term interest rates and oil prices.
Caution over coordinated intervention by Japan and the US then intensified, prompting yen buying and sending dollar-yen down to ¥157.20. However, US interest rates remained on an upward trend, making it difficult to sell the dollar, and this pattern continued.
The day's trading ranges were ¥157.20 to ¥157.58 for dollar-yen, ¥178.70 to ¥179.12 for euro-yen, and 1.1362 to 1.1374 for euro-dollar.