The yen traded in the upper ¥159 range per dollar in the Tokyo market on the 12th. Atsushi Mimura (三村淳), vice-minister of finance for international affairs, pointed to the rapid pace of yen weakness and dollar strength. The expansion of expectations for US rate hikes was reported to be a background factor.
The dollar traded in the upper ¥159 range against the yen in the Tokyo foreign-exchange market on the 12th.
Atsushi Mimura (三村淳), vice-minister of finance for international affairs, said the yen's depreciation and the dollar's appreciation appeared to be progressing too rapidly.
The expansion of expectations for US rate hikes is a background factor and has been reported to be supporting the yen's weakening trend.