In the Tokyo market on the afternoon of the 17th, dollar-yen lost momentum toward ¥159 as crude oil prices eased. Dollar selling advanced, and euro-dollar rebounded toward the day's high.
In the Tokyo market on the afternoon of the 17th, dollar-yen fell to ¥158.95 before recovering slightly toward ¥159, although the rebound was limited.
The trading ranges were ¥158.95–¥159.36 for dollar-yen, ¥184.12–¥184.36 for euro-yen and 1.1566–1.1587 for euro-dollar.
Crude oil prices have edged higher on views that the turmoil in the Middle East will be prolonged, but their recent easing has created conditions conducive to further dollar selling.