In the Tokyo market on the morning of the 29th, dollar-yen traded in the upper ¥157 range. After buying by real-money investors ran its course, the pair faced resistance on the upside and struggled to rise.
In the Tokyo foreign-exchange market on the morning of the 29th, dollar-yen traded in the upper ¥157 range, with the upside appearing limited after buying ran its course.
US long-term yields fell in after-hours trading, and market observers said this limited the dollar's movement.
The end of real-money buying by trading participants was cited as a factor keeping dollar-yen in the upper ¥157 range.