In Tokyo trading on the 9th, dollar-yen remained soft, falling from its early-morning level to the low ¥157 range by evening. Reports said the Finance Ministry's total intervention influenced market movements.
In Tokyo trading on the 9th, dollar-yen turned soft. After reaching ¥158.52 in the early morning, stronger yen-buying momentum toward evening pushed it down to ¥157.90. The Nikkei Stock Average closed sharply higher from the previous day, at ¥58,775.50.
Euro-yen rose from ¥176.32 to ¥176.68, while euro-dollar rose from 1.1141 to 1.1173. At 17:00, dollar-yen stood at ¥157.90 and euro-yen was in the ¥176.60-70 range.
As for economic indicators, China's consumer price index (October) was up 0.7% year on year, while its producer price index (October) was up 5.7% year on year. The intraday price indicators eased market caution.
In a statement by a key official, the Finance Ministry announced total foreign-exchange intervention for the July-September quarter at ¥15.3993 trillion. The amounts for each intervention date, 30 July, 31 July and 3 August, were listed.