In the New York market on the 17th, dollar-yen edged higher, closing at ¥159.46. Dollar buying led the market amid stronger-than-expected US indicators and heightened tensions in the Middle East, with the pair rising to nearly ¥159.60 at one point.
In the New York foreign exchange market on the 17th, dollar-yen edged higher, closing at ¥159.46. It ended slightly above the previous day's New York close of ¥159.32.
The August Empire State Manufacturing Index and the National Association of Home Builders (NAHB) Housing Market Index exceeded market expectations, sending long-term US yields up to the 4.72% range. This prompted a weaker yen and dollar buying. Uncertainty over the situation in the Middle East also pushed up oil prices, supporting demand for the dollar.
Dollar-yen rose as high as ¥159.60, but gains stalled after the initial buying subsided, with a rebound seen near technical resistance. The euro extended its modest gains, closing at $1.1580, while euro-yen ended at ¥184.67.
As a reference range for today, dollar-yen was indicated at ¥158.85–¥159.60, euro-dollar at $1.1564–$1.1614, and euro-yen at ¥184.06–¥184.77.