In the Tokyo market, the dollar-yen pair has continued to trade with only a slight decline, while attention has increasingly focused on the direction of U.S. interest rates. No new local market factors have been reported, but U.S. interest rates remain in focus.
The dollar-yen pair is reported to be resisting further declines, but there has been no major change in the factors currently driving the market.
The market is watching the direction of U.S. interest rates, and future moves are expected to depend on the trend in U.S. yields.