In the Tokyo market on the 13th, dollar-yen pared its losses. Yen buying led the market at one point, while speculation about an additional Bank of Japan rate hike briefly pushed the yen higher in the afternoon, before the dollar recovered. The Nikkei 225 and moves in major currencies were the market's focus.
In the Tokyo market on the 13th, dollar-yen remained in the ¥159 range but moved lower, with selling prevailing from ¥159.48. Yen-buying expectations strengthened at one point, although the dollar was also seen recovering.
Euro-yen fell from ¥183.78 to ¥183.44, while euro-dollar declined from $1.1531 to $1.15132.
The Nikkei 225 opened at ¥68,033.17, reached a high of ¥68,799.71 and a low of ¥68,006.17, and closed at ¥68,308.59, up ¥784.53 from the previous trading day.
At 17:00, dollar-yen was trading at ¥159.30-40 and euro-yen at ¥183.60-70. Economic indicators were also released, including Japan's domestic corporate goods price index for July, up 7.3% year on year, and preliminary UK GDP, up 1.2% year on year.
Kent (ケント), Assistant Governor of the Reserve Bank of Australia, was quoted as saying that “higher policy rates are having an effect” and that “a stronger exchange rate lowers domestic prices,” among other views.