In Tokyo morning trading, dollar-yen fluctuated around the ¥158 level. Overall, there was no significant move toward a weaker yen or weaker dollar, while market attention is rising ahead of next month's US midterm elections.
In the morning session in Tokyo, dollar-yen moved up and down around the ¥158 level, strengthening to around ¥158.14 before being pushed back to around ¥157.76. The trend of dollar strength against major currencies had run its course this month, and no notable movement had been seen.
The euro had risen to around ¥177.42, sterling to around ¥209.30 and the Australian dollar to around ¥110.26, with the strength of European and Oceanian currencies against the dollar acting as a factor limiting movements in dollar-yen.
With the US midterm elections on the 3rd of next month approaching, the market is focused on the Republican Party, which supports US President Donald Trump, being in a weak position. Uncertainty over the election results is seen as restraining short-term price movements. The market is expected to closely monitor developments.
The related foreign-exchange news list includes dollar-yen theoretical prices, fixing information and forecasts for various economic indicators. Upcoming US data releases, including wholesale inventories and initial jobless claims, are also attracting market attention.