In the foreign exchange market on the 22nd, the yen rose against the dollar, briefly reaching the ¥156-per-dollar range. Yen buying as a safe-haven move strengthened against the backdrop of the Nikkei Average's decline.
In the foreign exchange market on the 22nd, the yen rose against the dollar, briefly reaching the ¥156-per-dollar range. This was the yen's strongest level in 3 weeks.
As of 5:00 p.m. in the Tokyo market, the dollar was at ¥157.22–¥157.24, while the euro was at ¥176.63–¥176.67. The Nikkei Average's decline prompted yen buying.
Market participants said they were watching next week's Bank of Japan Monetary Policy Meeting and the US Federal Reserve's FOMC meeting.