In the Tokyo market at 5 p.m., the dollar was trading at around ¥158. Expectations of a Federal Reserve rate hike strengthened on the back of strong US employment data, while the yen was bought back in the afternoon as long-term US interest rates declined.
In Tokyo's foreign exchange market on Monday the 9th, the yen traded at around ¥158 to the dollar. At 5 p.m., the dollar was up ¥0.01 against the yen from the previous weekend at ¥157.95–¥157.96.
The euro traded at ¥176.45–¥176.49, up ¥0.07 against the yen and down against the euro.
Strong US employment data fueled expectations that the Federal Reserve would raise interest rates, supporting dollar buying in the morning. In the afternoon, however, long-term US interest rates continued to decline, prompting investors to buy back the yen.
The US consumer price index is expected to be released on the 10th, and some market participants said a wait-and-see mood was also prevailing.