In the Tokyo foreign exchange market on the 1st, the yen was sold and dollar buying spread against a backdrop of rising U.S. long-term interest rates. As of 5 p.m., the yen was down ¥1.47 from the previous day.
In the Tokyo foreign exchange market on the 1st, dollar buying and yen selling intensified against a backdrop of rising U.S. long-term interest rates, sending the yen down by more than ¥1 against the dollar. Reports attributed the move to developments in U.S. interest rates.
As of 5 p.m., the yen was down ¥1.47 from the previous day. Trading was believed to have remained focused mainly on dollar buying and yen selling.