Dollar-yen rose to ¥157.99 shortly after 13:30 but failed to reach the ¥158.00 level and was pushed back to the ¥157.70 range. The Nikkei temporarily rose more than ¥320 in the afternoon session but has since turned lower again.
Dollar-yen's intraday rise paused, with the pair climbing to ¥157.99 shortly after 13:30 but failing to reach the ¥158.00 level. Trading was adjusted down to the ¥157.70 range, highlighting the difficulty of making further gains.
Against the backdrop of dollar-yen movements, the Nikkei Stock Average temporarily rose more than ¥320 in the afternoon session but then turned lower again, weighing on the stock market.
Today's trading saw awareness of the ¥158.00 level in dollar-yen and a rebound in stocks intersect, leaving the direction of the currency market still uncertain.
Investors are expected to remain focused on the area around the ¥158.00 level and renewed movement in the Nikkei as they assess the outlook for currencies and equities.