In the Tokyo market on the morning of the 30th, dollar-yen extended its decline, rising temporarily to ¥157.90 shortly after 9:00 a.m. before falling to the mid-¥157 range after 9:30 a.m. Euro-yen is also trading weakly amid yen-buying flows.
In the Tokyo market on the morning of the 30th, dollar-yen extended its decline, rising to ¥157.90 shortly after 9:00 a.m. before accelerating its fall to the ¥157.30 range after 9:30 a.m. Euro-yen is also trading weakly amid yen-buying flows.
The trading ranges so far were ¥157.30 to ¥157.90 for dollar-yen, ¥176.04 to ¥176.60 for euro-yen, and $1.1171 to $1.1198 for euro-dollar.
The US-Japan interest-rate differential is narrowing as US long-term yields fell the previous day and domestic long-term yields rose, drawing attention to movements in the yen.