In Tokyo foreign exchange trading on the 29th, the dollar moved between the low and mid-¥157 range against the yen, standing at ¥157.37-38 as of 5 p.m. The dollar was up 15 sen against the yen from the previous day. With market participants continuing to assess a lack of catalysts and real-demand flows, gains were capped ahead of the release of US economic indicators.
In Tokyo trading on the 9th, the dollar-yen pair moved within the low-to-mid ¥157 range amid a lack of catalysts. As of 5 p.m., the dollar stood at ¥157.37-38, up 15 sen against the yen from the previous day. In overseas trading the previous day, the dollar rose to nearly ¥157.60 on gains in crude oil futures and moves in US long-term interest rates, then lost momentum and ended trading in the ¥157.30-40 range.
The pair moved at around the same level during the first half of Tokyo trading, while buying and selling by real-demand participants ahead of month-end offset each other. Around noon, the dollar fell to around ¥157.20 following remarks by Finance Minister Satsuki Katayama (片山さつき) at a post-Cabinet meeting news conference. It subsequently traded in the ¥157.20-50 range amid a lack of fresh catalysts.
During US hours, the September consumer confidence index and August Job Openings and Labor Turnover Survey (JOLTS) are due to be released. Market participants said that stronger-than-expected economic data could lead to increased pricing for an October rate hike, while caution also remains over the possibility of measures to address yen weakness if the dollar advances further against the yen. The euro fell against both the yen and the dollar. As of 5 p.m., it stood at ¥178.60-64 per euro and $1.1349-1.1350 against the dollar.