In morning trading on the 9th, the yen pared its losses to the low ¥158 range. It emerged that the Ministry of Finance had carried out yen-buying, dollar-selling intervention totaling approximately ¥15.3993 trillion from July through September.
In Tokyo morning trading on the 9th, the yen traded at ¥158.29–¥158.30 per dollar, weaker against the yen than at the end of the previous week, although intraday moves were limited. The dollar rose to ¥158.53 early in the morning before selling pressure prevailed, pushing it down to ¥158.15.
The yen at times fell below the upper boundary of the daily Ichimoku cloud at ¥158.42, and the foreign-exchange market's reaction remained limited even as the Nikkei 225 rose. Market participants cited both expectations of additional US rate hikes and demand-related yen buying, while reports indicated that support was seen at lower levels.
According to the Ministry of Finance's data on foreign-exchange intervention, intervention totaling approximately ¥15.3993 trillion was carried out on a date-by-date basis from 30 July through September. The breakdown was ¥7.9756 trillion on 30 July, ¥5.5523 trillion on 31 July and ¥1.8714 trillion on 3 August.
The yen strengthened against the euro, with the euro at ¥176.46–¥176.49 as of 10:00 a.m. The euro fell against the dollar, and some market participants reportedly viewed its relative strength against the dollar as limited.