In New York foreign exchange trading on September 18, dollar-yen rose as high as ¥157.96 before falling to ¥156.60 by the close. Yen buying intensified following reports of a BOJ rate check, while dollar buying receded amid confusion surrounding U.S. economic data.
In New York foreign exchange trading on the 18th, dollar-yen fell from ¥157.96 to ¥156.60 by the close. There were signs that dollar buying had receded as oil prices rebounded and U.S. August capacity utilization, industrial production and the leading index came in below expectations.
Among the major European and U.S. currencies, euro-dollar fell to $1.1455 before rebounding to $1.1490 by the close. Euro-yen fell from ¥181.00 to ¥179.75. Pound-dollar fell to $1.3336 before rising to $1.3398.
Dollar-swiss rose to CHF0.8260 before falling to CHF0.8217. U.S. August capacity utilization was reported at 76.3%, industrial production at 0% month on month, and the leading index at -0.1% month on month. Yen buying intensified following reports that the BOJ had conducted a rate check.
The market is expected to continue monitoring developments in Japanese and U.S. interest rates and U.S. economic indicators, with reactions to further monetary policy decisions remaining in focus.