On the afternoon of the 13th, the dollar-yen rate in the Tokyo foreign exchange market traded in the low ¥158 range per dollar. After morning selling subsided and the decline in US long-term interest rates paused, the dollar held firm.
In the Tokyo market on the afternoon of the 13th, dollar-yen traded in the low ¥158 range, slightly lower than at the end of the previous week. At 3 p.m., it was in a range of ¥158.23-26.
After heavy selling subsided in the morning, the market did not return to a selling trend and held firm, with some modest buying back.
The rise in crude oil futures and the decline in US long-term interest rates provided support at the start of the week, and the dollar continued to move in the ¥158 range during the day. In the afternoon, the pause in the decline in US interest rates prompted some buying back.
Many market participants were watching the direction of Japanese and US equities as well as tomorrow's US consumer price index release, and the cautious mood was reported to be intensifying.
The euro moved narrowly against the yen and the dollar in the afternoon. At 3 p.m., it was ¥176.91-92 per euro, and $1.1179-1180 against the dollar.