In Tokyo trading on the morning of the 9th, dollar-yen traded slightly higher, with a range of ¥157.90–¥158.12. The US 10-year Treasury yield edged higher, crude oil prices were soft from the previous day, and major currencies struggled to gain against the dollar.
In Tokyo trading on the morning of the 9th, dollar-yen moved slightly higher, rising from ¥157.90 to ¥158.12. The US 10-year Treasury yield edged higher, and at times conditions favored dollar buying.
Major currencies were soft against the dollar, while the decline in crude oil prices helped limit downward pressure on the dollar. Ranges for the euro-yen and euro-dollar, as well as dollar-yen, remained narrow.
Japan's household spending (September) deteriorated, falling 6.8% year on year versus forecasts for a 3.0% decline and a previous 3.1% decline. Japan's current account balance (September) also weakened, coming in at ¥2.3723 trillion versus forecasts of ¥3.3544 trillion and a previous ¥4.0620 trillion.
Comments related to the Bank of Japan and remarks by officials on the economic outlook drew attention as potential factors in policy decisions.