As of 6:00 Japan time on the 28th, the dollar was at ¥157.43-¥157.44, up ¥0.66 against the yen, while the euro was at ¥179.13-¥179.14. The Japanese and US finance ministers held a telephone discussion, during which they discussed that a stronger yen was desirable.
Foreign-exchange market movements as of 9:00 on the 28th were reported. The dollar was generally trading in the lower ¥157 range, while the euro was around ¥179 against the yen.
Discussions between the Japanese and US finance ministries were highlighted, with reports that they discussed the desirability of a stronger yen ahead of the leaders' summit.
In related news from the New York market, the yen was reported to have surged temporarily into the ¥156 range.
Links to New York stock-market and related news were also included, providing an overview of movements in the foreign-exchange and financial markets.