The yen weakened to the lower ¥157 range against the dollar. With the outlook for a narrowing Japan-U.S. interest rate differential still unclear, buying to cover short dollar positions has been observed. This is being reported solely as a market view.
The yen has currently weakened to the lower ¥157 range against the dollar.
A view that the Japan-U.S. interest rate differential will not narrow has spread in the market, and reports indicate that buying to cover short dollar positions has been observed.