Dollar-yen fell in the Tokyo market on the 7th. Dollar buying led initially on rising long-term US yields and crude oil prices, but yen buying prevailed toward the evening, widening the decline.
Immediately after the Nikkei opened on the 7th, dollar-yen turned higher and rose to around ¥158.50. Some yen selling was seen amid caution over the Bank of Japan’s tightening stance.
After the morning’s moves, dollar-yen fell through the afternoon, reaching a low of ¥157.95 in the evening. Euro-yen fell from ¥178.30 to ¥176.74, while euro-dollar declined from 1.1262 to 1.1181.
As of 17:00, dollar-yen was ¥158.00-¥158.10 and euro-yen was ¥176.90-¥177.00.
The Nikkei Stock Average traded with an opening price of ¥70,582.11, a high of ¥70,793.29, a low of ¥70,017.19 and a closing price of ¥70,035.71, down ¥648.27 from the previous day.