In Tokyo trading on the 14th, dollar-yen recovered, with buying prevailing ahead of the Tokyo fixing and lifting the rate temporarily to ¥158.51. In the afternoon, dollar selling prevailed as U.S. long-term interest rates and oil prices lost momentum, sending the rate down to ¥158.11, but it recovered to the upper ¥158 range by evening.
On the 14th, dollar-yen recovered in Tokyo trading, with buying by domestic players prevailing near the Tokyo fixing and temporarily lifting the rate to ¥158.51.
In afternoon trading, dollar selling advanced as U.S. long-term interest rates and oil prices lost momentum, sending dollar-yen down to ¥158.11, but it subsequently recovered to the ¥158.40 range.
Euro-yen fell from ¥177.59 to ¥177.22, while euro-dollar edged up from $1.1196 to $1.1211.
The Nikkei Stock Average ended at ¥67,942.23 at the open and ¥67,744.29 at the close, down ¥33.23 from the previous day.
As for comments by officials, Bank of England Monetary Policy Committee member Pill said he was somewhat skeptical about expectations for rate hikes over the coming year. ECB President Lagarde said rising energy prices were the main cause of inflation and indicated a stance of forecasting in advance rather than waiting for the effects of measures to feed through.