Dollar-yen rose in the Tokyo market on the morning of the 21st, reaching ¥158.40 at one point. Dollar buying was reportedly prompted by crude oil price volatility and inflation concerns against the backdrop of the Middle East situation.
Dollar-yen rose in the Tokyo market on the morning of the 21st, reaching as high as ¥158.40. It traded within a range of ¥158.12 to ¥158.40. Euro-yen traded between ¥176.56 and ¥177.80, while euro-dollar traded between $1.12224 and $1.1237.
The market view was that volatile crude oil prices against the backdrop of the Middle East situation, together with the resulting inflation concerns, prompted dollar buying. At this point, dollar-yen led the gains, while other currency pairs traded within corresponding ranges.
The report covers trading only during the morning of the 21st, and contains no further developments or follow-up information.