The yen weakened to the upper ¥158 range against the dollar. The move is thought to have been driven by stronger expectations of a U.S. rate hike, with the yen falling to a three-week low.
The yen weakened overall, reaching approximately the upper ¥158 range against the dollar during Tokyo trading hours. This marked the yen reaching a similar level for the first time in three weeks.
Stronger expectations of a U.S. interest rate hike have been cited as a factor behind the yen's weakness, and investors are closely watching developments in U.S. interest rates.
The article does not provide a specific date or additional figures for today's move, but the sustainability of the yen's weakness is attracting market attention.