Against a backdrop of receding expectations for a Bank of Japan rate hike, dollar-yen remains range-bound in the ¥158 area. After a modest gain in the previous trading session, it fell back slightly during Asian hours and was trading around 158.10.
Dollar-yen remains range-bound in the ¥158 area as expectations for a Bank of Japan rate hike recede.
US dollar/Japanese yen fell back slightly during Asian hours on Monday after a modest gain in the previous trading session, and was trading around 158.10. Japanese markets were closed for the Sports Day holiday, leaving trading volume generally low.