Dollar-yen was soft in the Tokyo market. After reaching ¥154.61 in the morning, the dollar generally weakened under the impact of declines in crude oil prices and long-term U.S. Treasury yields in overseas markets the previous day, falling to ¥153.96 in the afternoon as oil prices and U.S. yields declined.
Dollar-yen was soft in the Tokyo market on the 11th. After reaching ¥154.61 in the morning, the dollar at times showed signs of holding its ground, but overall the market moved toward a stronger yen amid declines in crude oil prices and long-term U.S. Treasury yields.
The trading range was ¥153.96–¥154.61 for dollar-yen, ¥178.80–¥179.54 for euro-yen, and 1.1605–1.1617 for euro-dollar.
In the market, lower oil prices and movements in long-term U.S. Treasury yields affected foreign exchange rates. In the afternoon, these factors moved lower still, increasing downward pressure on the dollar.