In the New York market, the yen rose to the upper ¥156 range per dollar. Dollar selling advanced against expectations that the Japan-US interest rate differential would narrow, while yen appreciation accelerated as long-term government bonds attracted buying.
In the New York foreign exchange market, the yen was in a range of ¥156.71–¥156.81 per dollar as of 5:00 p.m., strengthening from the previous day. The euro was at $1.1210–$1.1220 and ¥175.80–¥175.90.
AI-related stocks stood out on the downside in the equity market, while US long-term Treasuries, considered relatively safe assets, attracted buying and yields fell. This strengthened dollar selling and yen buying on expectations that the Japan-US interest rate differential would narrow.