In this morning's Tokyo market, USD/JPY was trading around 157.40 yen. There was speculation that it had temporarily fallen into the 156-yen range at the end of the previous week amid verbal intervention by Japan and the US, and the pair has continued to trade near its highs. USD/JPY was also shown at 157.39 in some data, keeping attention focused on its next move.
USD/JPY was trading steadily around 157.40 yen in morning Tokyo trading. Although there has been no major short-term move, the market is still reacting to the previous day's price action.
At the end of the previous week, verbal intervention by Japan and the US was reported, and the yen temporarily moved into the 156-yen range. This heightened caution over a potential downside target for USD/JPY.
The article gives a specific USD/JPY reading of 157.39 in one instance. Current trading levels can be understood to be around this level.
In coming trading, reports related to intervention by the Japanese and US governments and this week's events could affect market movements.