Against a backdrop of rising U.S. long-term interest rates, the yen in Tokyo traded weakly, reaching the low ¥155s to the dollar. Dollar buying prevailed, and the market reportedly believes that stronger demand for dollars prompted the yen's decline.
In the Tokyo market, the yen weakened by about 50 sen against the dollar, trading in the low ¥155s to the dollar.
Dollar buying prevailed against a backdrop of rising U.S. long-term interest rates, and the yen's downward trend continued, according to reports.