Dollar-yen traded slightly higher in the Tokyo market, holding in the ¥157 range as the unwinding of the previous week’s yen buying progressed. The US 10-year Treasury yield has lost some ground, and dollar buying is showing signs of retreating.
Dollar-yen traded slightly higher in the Tokyo market on the afternoon of the 28th, holding in the ¥157.70 range after losing ground from the morning high of ¥157.85. The US 10-year Treasury yield has lost some ground, and dollar buying has retreated.
Yen buying prompted by US President Trump’s efforts the previous week to restrain yen depreciation paused and was partially unwound.
The trading ranges were ¥157.34 to ¥157.85 for dollar-yen, ¥179.12 to ¥179.72 for euro-yen and $1.1373 to $1.1391 for euro-dollar.