In the Tokyo market, dollar-yen traded in a range from the low ¥157s to the ¥158 level. After rising to ¥158.04 in the morning, it fell to ¥157.76 under selling pressure, then dollar buying returned and range-bound trading continued. Remarks from the Takaichi administration warning against yen depreciation did not significantly move yen buying.
In the noon session in Tokyo, dollar-yen traded in a range of ¥157.79 to ¥158.04. After rising to ¥158.04 in the morning, it fell as low as ¥157.76 on selling near a key level.
Dollar buying returned, and range-bound trading continued in the upper ¥157s. Euro-yen moved in a range of ¥175.85–¥175.95, while euro-dollar traded at $1.1120–$1.1132.
As a factor in monetary policy, the Reserve Bank of New Zealand kept its policy rate unchanged at 2.75%, with the view expressed that wage growth would stabilize medium-term inflation expectations. The possibility of further tightening depending on the future outlook was also noted.
The Reserve Bank of Australia's deputy governor said that the CPI remaining above target was likely to continue, and indicated that long-term inflation expectations would be closely monitored. Meanwhile, Finance Minister Katayama said the foreign exchange market was being monitored with a high level of vigilance.