In the Tokyo market on the morning of the 22nd, dollar-yen traded in a narrow range near its highs, in the ¥157.40 range, as yen selling remained firm. Euro-yen rose to the ¥180.50 range, while other currencies made only modest moves.
In the Tokyo market on the morning of the 22nd, dollar-yen continued to trade in a narrow range in the upper ¥157 range, remaining near the day's highs. Concerns about Japan's fiscal management are said to be behind the yen selling.
The day's trading ranges were ¥157.29-¥157.42 for dollar-yen, ¥180.34-¥180.52 for euro-yen, and 1.1462-1.1468 for euro-dollar.