In the Tokyo market on the 30th, dollar-yen showed limited upside and fluctuated around ¥157 without holding the ¥157 range for long. Concerns over coordinated intervention by Japan and the United States weighed on the market amid a lack of fresh drivers.
In Tokyo trading, dollar-yen failed to break decisively above the ¥157 range and fell from ¥157.45 to ¥156.37 during the day. It briefly recovered to the ¥157 range in the afternoon, but then lost momentum and fell back into the ¥156 range.
Euro-yen fell from ¥178.55 to ¥177.34, while euro-dollar rose modestly from 1.1329 to 1.1357. Currency movements were influenced by U.S. long-term interest rates and crude oil prices, with dollar selling observed as part of month-end flows.
As of 17:00, dollar-yen was trading at ¥156.90–157.00 and euro-yen at ¥178.10–178.20. The Nikkei Stock Average continued to rise from the previous day, closing at ¥66,753.72.
Domestic market activity reflected a combination of a lack of fresh drivers and concerns over coordinated intervention by Japan and the United States. Large currency moves driven by interest rates and crude oil prices in the Northern Hemisphere were limited, and trading remained within a range.