The dollar-yen weakened in the afternoon in Tokyo foreign exchange trading on the 16th, renewing its intraday low at ¥154.89 in response to a decline in WTI crude oil futures in after-hours trading. The rate stood at ¥154.98 as of 5 p.m., after rising to ¥155.49 in the morning.
The dollar-yen weakened in the afternoon in Tokyo foreign exchange trading on the 16th, with dollar selling continuing amid a decline in WTI crude oil futures in after-hours trading. It fell to ¥154.89, renewing the day's low. As of 5 p.m., it was trading at ¥154.98, slightly below the ¥155 level.
In the morning, the dollar-yen rose to ¥155.49 against a backdrop of higher oil prices. In the afternoon, a reversal in oil futures put dollar selling in the ascendant. Although the dollar-yen did not trade in the ¥153 range, its movements remained within the scope of position adjustment.
The euro-dollar was trading at $1.1548, while the euro-yen fell in tandem with the dollar-yen to ¥178.96. With the market awaiting the release of the Federal Open Market Committee (FOMC) decision, trading continued to lack a clear direction.
The market continued to trade around the previous day's closing level, remaining near the morning high, while oil price movements continued to appear to determine the direction of the foreign exchange market.