In the Tokyo foreign exchange market following the holiday weekend, the yen traded in the mid-¥158 range per dollar. Dollar buying prevailed against the backdrop of rising crude oil prices, while movements at the opening were limited.
In the Tokyo foreign exchange market on the morning of the 13th, following the holiday weekend, the yen traded at around ¥158.50 per dollar. As of 10 a.m., it stood at ¥158.51–52 per dollar, weaker against the yen than at the end of the previous week.
The euro traded at ¥176.85–87 per euro, reflecting yen strength and euro weakness compared with the previous day. Following the rise in crude oil prices, dollar buying prevailed amid concerns about Japan’s import-dependent economy.
Market participants said that “there are few trading factors other than crude oil prices, resulting in limited price movements,” expressing the view that the lack of market catalysts had kept movements narrow.
The foreign exchange market movements reported that day centered on crude oil price trends, with attention focused on how trading may develop depending on future market catalysts.