Japanese stocks fell back shortly after opening on the 31st, with semiconductor-related shares coming under pressure. The yen is trading in the low ¥160s against the dollar, amid caution following hawkish remarks by the Fed chair.
Selling prevailed in Japanese stocks shortly after they opened on the 31st, spreading mainly across semiconductor-related shares. The decline temporarily widened as the market became more active.
In foreign exchange, dollar/yen reached the low ¥160s, with short-term price movements seen as factors supporting both yen appreciation and depreciation emerged.
Reports said remarks by the chair of the U.S. Federal Reserve Board (FRB) were viewed as “hawkish,” heightening speculation about coordinated Japan-U.S. intervention.