The yen weakened and the dollar strengthened in the Tokyo market on the morning of the 27th, with the yen falling to the upper ¥157 range. Expectations of dollar buying for real demand ahead of the month-end weighed on the currency. The yen weakened by 52 sen from the previous day, reaching around ¥157.78 shortly before 10 a.m.
The yen weakened and the dollar strengthened in the Tokyo foreign exchange market on the morning of the 27th, with the yen falling to around ¥157.64-65 per dollar. The yen was 52 sen weaker than at 5 p.m. the previous day and briefly reached around ¥157.78 shortly after 10 a.m.
Intermittent yen selling and dollar buying from early in the morning, as well as expectations of dollar buying for real demand by domestic importers, weighed on the market. Regarding the fixing settlement, the view was expressed that dollar buying would prevail ahead of the month-end.
Against major currencies, dollar-yen traded in the mid-¥157 range, while euro-yen was flat in the low ¥176 range. Euro-dollar moved narrowly around $1.1171. Attention is focused on whether month-end-specific supply and demand will push down the yen.
In the previous day's market, dollar-yen fell to the ¥156.90 range before at times approaching a high of ¥157.22. Real-demand flows are expected to move over a short period due to the impact of month-end settlements.