The yen fell to the ¥157 range in Tokyo trading. The exchange rate was reported at approximately ¥157.95 to the US dollar as of 19:00, with the decline attributed to receding expectations of an early BOJ rate hike.
A速報 reported that the yen had fallen to the ¥157 range in Tokyo trading. The current exchange rate was given as approximately ¥157.95 to the US dollar.
The move was attributed to an interpretation that expectations for a BOJ rate hike had receded.