In the Tokyo market, USD/JPY rebounded after initially holding above the lower ¥159 range. Remarks by the BOJ deputy governor were not regarded as a market-moving factor, and expectations for an additional rate hike in September eased somewhat.
In the Tokyo market on the morning of the 27th, USD/JPY fell to ¥159.11 before rising to ¥159.39, putting the trading range at ¥159.11–¥159.39.
EUR/JPY traded in a range of ¥185.47 to ¥185.77, while EUR/USD moved within a narrow range of $1.1653 to $1.1659.
In a speech, Deputy Governor Himino (氷見野) emphasized adjusting the degree of monetary easing rather than tightening policy and indicated that prices were expected to remain above 2% in the second half of the fiscal year. However, he did not mention a specific level, and his remarks did not provide a major impetus for expectations of a September rate hike.