In the Tokyo foreign-exchange market on the 2nd, the dollar traded range-bound against the yen in the upper ¥157 range, with markets remaining on the sidelines toward the close. The rate was approximately ¥157.73–¥157.74 as of 5:00 p.m.
On the 2nd, USD/JPY in the Tokyo foreign-exchange market traded range-bound in the upper ¥157 range toward the close, with markets remaining on the sidelines ahead of the holiday.
The trading range was reported at ¥157.73–¥157.74 as of 5:00 p.m., with market participants cautiously monitoring developments without seeking to stimulate activity.
Market participants were increasingly inclined to wait and see rather than take a short-term directional view, and were expected to continue assessing the year-end and New Year trading environment and overseas market trends.
The report was carried by Jiji Press, with similar developments reported by multiple media outlets.