Dollar-yen edged higher in the Tokyo market on the morning of the 23rd, rising to 157.66. NY crude oil futures briefly fell below $90, but subsequently recovered, and dollar buying is expected to continue.
Dollar-yen edged higher in the Tokyo market on the morning of the 23rd, rising to 157.66. The trading ranges so far were 157.35 to 157.66 for dollar-yen, 180.14 to 180.38 for euro-yen and 1.1437 to 1.1449 for euro-dollar.
There was a view that dollar buying would continue amid expectations that US interest rates would remain elevated. NY crude oil futures, WTI, briefly fell below $90, but crude oil prices subsequently held above their lows.