In the Tokyo market on the morning of the 17th, the dollar weakened against the yen, with the yen strengthening at times early in the session, before the dollar recovered to ¥156.09. Intense trading continues against the backdrop of expectations for additional US rate hikes and the Bank of Japan's rate-hike policy.
In the Tokyo market on the morning of the 17th, the dollar weakened against the yen, with the yen strengthening at times early in the session, but it subsequently rebounded to around the previous day's closing level and recovered to ¥156.09.
The reported trading ranges were ¥155.88 to ¥156.32 for the dollar-yen, ¥178.85 to ¥179.22 for the euro-yen, and $1.1456 to $1.1473 for the euro-dollar.
Intense trading continues against the backdrop of expectations for additional US rate hikes and the Bank of Japan's rate-hike policy, while dollar selling has been slightly stronger as crude oil prices decline.