In Tokyo foreign exchange trading on the 16th, dollar-yen is expected to remain firm in the low ¥155 range. Higher crude oil prices and US interest rates are cited as supporting factors.
In daily market trading on the 16th, dollar-yen is expected to remain firm in the low ¥155 range, following stronger buying in overseas markets the previous day. Market participants expect the yen to maintain a degree of stability while watching developments in the US market.
Higher crude oil prices are cited as a supporting factor and could maintain price pressure related to energy. Higher US interest rates are also cited as a factor supporting the market, with some viewing developments in the interest-rate differential as lending support to the dollar.