In the Tokyo market on the afternoon of the 13th, dollar-yen briefly fell to 159.18 yen, setting a new intraday low. Although the pair later rebounded, yen-buying strengthened again at times, leaving market concerns over intervention in place.
In the Tokyo market on the afternoon of the 13th, short-term yen buying strengthened and dollar-yen briefly fell to 159.18 yen, setting a new low for the day. Yen crosses also weakened, with the impact of foreign-exchange intervention that has continued since late July once again drawing attention.
The day's trading ranges were 159.18 to 159.48 for dollar-yen, 183.44 to 183.78 for euro-yen, and 1.1520 to 1.1531 for euro-dollar.
The pair later recovered somewhat, but downward pressure remained a focus. Market concerns continued over whether intervention had been conducted and its potential scale.
Short-term strain in dollar-yen and weakness in yen crosses were the main features of market activity, while attention remained focused on the possibility of foreign-exchange intervention.