In the Tokyo market on the afternoon of the 7th, dollar-yen remained slow to recover and held in the 156-yen range. US monetary policymakers are divided in their views, and the market is likely to focus on assessing the US inflation data due this week.
In the Tokyo market on the afternoon of the 7th, dollar-yen was slow to recover and traded slightly lower, but held above ¥156. Euro-yen traded in the upper ¥181 range, while euro-dollar moved within a 1.1607-1.1620 range.
Crude oil prices and long-term US Treasury yields are unlikely to fall, and the momentum behind dollar selling has faded. With the market focused on assessing the US inflation data due this week, the exchange rate is unlikely to establish a clear direction.