Yen buying prevails on view that US-Japan interest-rate differential 'will not widen for the time being'... Yen trades in the low ¥158s per dollar at the start of the week (The Yomiuri Shimbun Online)

In Tokyo trading at the start of the week, yen buying prevailed on the view that the US-Japan interest-rate differential would not widen for the time being, with dollar-yen trading in the low ¥158s per dollar. The yen was approximately ¥0.30 stronger than at the end of the previous week.

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The story

In Tokyo foreign exchange trading on the 10th, the yen was approximately ¥0.30 stronger against the dollar than the previous day.

Trading was in the low ¥158s per dollar, with views on the outlook for the US-Japan interest-rate differential influencing the yen's movements.

At a glance

As of the start of the weekThe yen was approximately ¥0.30 stronger against the dollar than at the end of the previous week, trading in the low ¥158s per dollar

USD/JPY levelTrading in the low ¥158s per dollar

Outlook for the interest-rate differentialThe view that the US-Japan interest-rate differential will not widen for the time being

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