Dollar-yen fell back in Tokyo trading on the 2nd, with yen buying taking the lead in the afternoon. Dollar buying temporarily gained momentum on the impact of the situation in the Middle East, but gains were capped by movements in US yields and crude oil prices, before the yen strengthened again following remarks by the Bank of Japan's deputy governor supporting rate hikes.
In Tokyo trading on the 2nd, dollar-yen turned lower again after initially rebounding, with the dollar rising as high as ¥160.39.
Dollar buying then paused as US yields and crude oil prices lost momentum, and yen buying picked up in the afternoon, sending the dollar down to ¥159.43.
The day's trading ranges were ¥159.43 to ¥160.39 for dollar-yen, ¥184.55 to ¥185.75 for euro-yen, and $1.1566 to $1.1596 for euro-dollar.