In the Tokyo market on the morning of the 11th, dollar-yen held firm after coming under pressure, with dollar buying emerging at times on expectations of higher US long-term interest rates. Against the backdrop of oil market movements and the release of key indicators, market attention turned to whether the moves would continue.
In the Tokyo market on the morning of the 11th, dollar-yen traded in a range of 154.21 to 154.61 yen. Euro-yen ranged from 179.14 to 179.54 yen, while euro-dollar ranged from $1.1605 to $1.1617.
As tensions continued over stabilizing the Japanese and US foreign exchange markets, views spread that US long-term interest rates would remain firm, creating conditions for dollar buying. Meanwhile, turmoil in the Middle East and developments in oil prices affected the broader market.
Among economic indicators, Japan's domestic corporate goods price index fell 0.2% month on month in August, slowing from the previous reading of 0.1%. The business survey index (BSI) for large enterprises across all industries came in at +5.3, while the manufacturing reading improved to +7.6.
In comments by key officials, Finance Minister Katayama (片山) emphasized maintaining an orderly foreign exchange market and close coordination with the US Treasury. US Treasury Secretary Bessent (ベッセント) said the US Treasury market was in good condition.