Dollar-yen struggled to extend its gains in Tokyo trading on the 20th, narrowing its advance in the afternoon. After touching ¥158.03 early in the morning, it rose as dollar buying progressed, reaching ¥158.73 at one point, but surrendered its gains toward evening.
In Tokyo trading on the 20th, dollar-yen moved within a range of ¥158.03–¥158.73, with the rebound from its sharp decline attributed to the expansion of the buyback allocation for long-term U.S. Treasuries. Euro-yen and euro-dollar also moved within ranges of ¥184.58–¥185.24 and 1.1670–1.1688, respectively.
There were reports that yen selling intensified in the afternoon and dollar buying picked up, with the dollar rising at one point. It was also noted that dollar buying paused toward evening, narrowing the dollar's advance.