The yen strengthened in the foreign exchange market, with the dollar reaching the ¥153 range. This was the first time in about six months, since February this year, that the yen had reached this level.
The yen strengthened in the foreign exchange market, reaching the ¥153-per-dollar range. This was a level not seen in about six months.
The move has been attributed to prevailing yen buying and dollar selling, driven by expectations of a narrowing Japan-US interest rate differential.
The source was FNN Prime Online, part of the Fuji TV network, and Yahoo! News reported the information.