The yen turned higher in US trading, briefly reaching the latter half of the ¥156 range per US dollar. Market speculation emerged that the Bank of Japan had conducted a rate check.
The yen rose in the New York foreign exchange market on 18 September, briefly strengthening to the latter half of the ¥156 range per US dollar. Market participants increasingly believed that the Bank of Japan had conducted a rate check.
According to Kyodo News, speculation that the Bank of Japan had conducted a rate check was said to have affected market sentiment.
The article lists reports from Kyodo News and Reuters as related news, with links to related articles.