Dollar-yen rose as high as ¥156.16 temporarily, but was pushed back to ¥155.71 after the move ran its course amid expectations of a substantial BOJ rate hike and speculation over pressure from the US side to correct the yen's weakness. Euro-yen fell to ¥181.05 after reaching a rebound high of ¥181.51.
Dollar-yen rose as high as ¥156.16 during the day, but was sold down to ¥155.71 as the move remained no more than position adjustment.
The market was reportedly dominated by selling after the move ran its course, amid expectations of a substantial BOJ rate hike and speculation over pressure from the US side to correct the yen's weakness.
At the same time, euro-yen turned lower and fell to ¥181.05 after reaching a rebound high of ¥181.51.
The move has been reported as a short-term reaction in the foreign exchange market, with future developments dependent on further reports.