In Tokyo morning trading on the 13th, the dollar softened to the lower half of the ¥158 range following a decline in US long-term interest rates. The noon rate was ¥158.22-23, a modest 10-sen move from the previous Friday.
In Tokyo morning foreign-exchange trading on the 13th, dollar-yen softened to the lower half of the ¥158 range. As of noon, it was ¥158.22-23, a modest decline from the previous Friday's level.
Through the previous day, the pair had moved sideways in the lower half of the ¥158 range before turning gradually higher against a backdrop of rising crude oil futures, but lower US long-term interest rates put pressure on the dollar and yen. It fell to the ¥158.30 range in the 9 a.m. hour and at one point recovered to around ¥158.50 ahead of the mid-rate fixing, but resumed its downward trend before noon.