In Tokyo trading on the 29th, dollar-yen recovery remained sluggish, while major currencies traded within ranges amid continued caution over coordinated Japan-US intervention.
In Tokyo trading on the 29th, dollar-yen recovery remained sluggish. Softer US long-term yields and oil prices prompted initial dollar selling, pushing the pair down from ¥157.58 to ¥157.20, while caution over coordinated Japan-US intervention kept downside pressure in place and trading within a range.
Euro-yen declined from ¥179.12 to ¥178.43, while euro-dollar fell from $1.1374 to $1.1342.
As of 5:00 p.m., dollar-yen was holding within a ¥157.40–¥157.50 range, and euro-yen within a ¥178.60–¥178.70 range.
The Nikkei Stock Average opened at ¥65,557.99, reached a high of ¥65,805.08 and a low of ¥64,699.49, and closed at ¥65,481.27, down ¥399.35 from the previous day.