The yen rose in the foreign exchange market on the morning of the 22nd, with dollar-yen at the upper ¥157 range as of 12:00. Generally weak Asian stocks prompted yen buying.
The yen rose in the Tokyo foreign exchange market on the morning of the 22nd, with the dollar at ¥157.86–¥157.88 as of 12:00, 26 sen stronger for the yen than at 17:00 the previous day. At around 12:20, the yen was bought up to around ¥157.68.
Stock markets across Asia, including Japan, were generally weak, while lower long-term U.S. interest rates also prompted yen buying and dollar selling. As a result, the yen strengthened against the dollar.
The yen rose against the euro, with the euro at ¥177.48–¥177.50 as of 12:00, indicating a stronger yen and weaker euro.
The euro rose against the dollar, trading at $1.1242–$1.1243 per euro as of 12:00, indicating a stronger euro and weaker dollar.
On the 23rd, the Nikkei Stock Average fell by more than ¥700 from the previous day, while major stock indexes in other Asian markets also weakened.