Dollar-yen traded in the lower ¥158 range in the late session of the Tokyo market on the 19th, standing at ¥158.15-¥158.17 as of 5 p.m. Trading lacked direction during the day amid a shortage of market catalysts.
Dollar-yen traded in the lower ¥158 range in the Tokyo foreign exchange market on the afternoon of the 19th. As of 5 p.m., it was in a ¥158.15-¥158.17 range, with the dollar up about 15 sen against the yen from the previous weekend. Although dollar-yen had been influenced by overseas markets through the previous day, there were no major highs or lows, and trading lacked direction during the day amid a shortage of market cues.
Comments by the Bank of Japan governor were reported in the morning, but dollar-yen showed little reaction. Market participants generally said the market lacked direction. Trading centered on movements within the day's range, while reactions to moves in European and U.S. interest rates and oil prices were limited.
During European trading hours, dollar-yen movements were subdued, while the euro became the focus. The euro weakened against both the yen and the dollar. Dollar-yen recovered to around ¥158 at one point as of 5 p.m., but later in the session it briefly fell to the ¥158.80s.