The dollar rose into the lower ¥158 range in Tokyo foreign-exchange trading on the morning of the 9th. Long-term US yields rose against the backdrop of strong October US employment data.
The dollar rose to the lower ¥158 range against the yen in Tokyo trading on the morning of the 9th. The October US employment data released at the end of the previous week is believed to have increased market activity, while rising long-term US yields reportedly supported dollar buying.
The rise in long-term US yields following the strong employment data has been cited as a factor that drove activity in the foreign-exchange market. There are also views that the dollar consequently held at a temporarily elevated level.
The morning's move came amid rapidly developing market conditions and may fluctuate depending on upcoming US economic indicators and the outlook for interest rates.