In the Tokyo market on the morning of 17 August, USD/JPY remained soft and the dollar was sold. USD/JPY fell from a high of ¥159.36 to ¥158.95, with reports attributing the move to weak US indicators and receding expectations for early Fed tightening.
In the Tokyo market on the morning of 17 August, USD/JPY remained soft, falling from ¥159.36 to ¥158.95. Market commentary indicated that expectations for early Fed tightening had receded against the backdrop of weak US indicators.
At that point, the trading ranges were ¥158.95–159.36 for USD/JPY, ¥184.12–184.36 for EUR/JPY, and $1.1566–1.1584 for EUR/USD.