In the Tokyo market on the 13th, dollar-yen briefly broke above ¥160 before turning lower. Dollar buying strengthened at one point on expectations of additional Fed rate hikes, but the pair subsequently lost momentum.
In the Tokyo market on the 13th, dollar-yen briefly broke above ¥160. Expectations of additional Fed rate hikes prompted dollar buying at one point, and the dollar showed further strength.
The pair was subsequently seen retreating, with dollar-yen moving to settle back into a calmer range.