In the Tokyo market on the morning of the 3rd, the yen traded in the upper ¥158 range per dollar, while the euro was in the upper ¥183 range. A speech by BOJ Policy Board member Takata Hajime (高田創) was seen as leaving room for an acceleration in the pace of rate hikes, and some market participants say caution over foreign-exchange intervention by the government and the BOJ remains strong.
In the Tokyo foreign-exchange market on the morning of the 3rd, the yen traded at around ¥158.71–72 per dollar, strengthening by approximately 98 sen against the dollar. The euro stood at around ¥183.93–94, with movements showing a stronger yen and weaker euro.
A speech by BOJ Policy Board member Takata Hajime (高田創) in Sapporo led to views that he had left room for an acceleration in the pace of rate hikes. This reportedly strengthened expectations in the market for an additional rate hike.
Some market participants say caution over foreign-exchange intervention by the government and the BOJ remains strong, and calls to closely monitor developments in the foreign-exchange market continue.