The yen fell to the low ¥154 range per dollar in New York trading on the 10th. Yen selling and dollar buying prevailed against a backdrop of higher crude oil prices and rising U.S. long-term interest rates, with the rate at 5 p.m. standing at ¥154.36–¥154.46 per dollar.
The yen fell in the New York foreign exchange market on the 10th, reaching ¥154.36–¥154.46 per dollar at 5 p.m. It was trading around 88 sen weaker against the dollar than the previous day.
Rising crude oil prices heightened concerns about inflation, pushing up U.S. long-term interest rates. Yen selling and dollar buying prevailed on expectations that the interest rate differential between Japan and the United States would widen.
At 8 a.m., the dollar was trading at ¥154.11–¥154.21, with the yen down 63 sen against the dollar from the previous day’s 5 p.m. level.
The euro was trading at approximately the low ¥179 range against the yen at 5 p.m., while against the dollar it was in the range of $1.1606–$1.1616 per euro.