Tokyo FX: Dollar-yen decline pauses; caution over renewed yen buying By: Fisco

The story

In the Tokyo market on the afternoon of the 22nd, dollar-yen paused its decline, falling to ¥157.29 before recovering somewhat. The market is increasingly wary of renewed yen buying.

The day's moves indicated a temporary shift in the direction of the yen, with the market showing signs of settling after the rapid moves.

At a glance

DateTokyo market on the afternoon of the 22nd

LevelDollar-yen fell to ¥157.29 before recovering somewhat

Market trendSelling pause, caution over renewed yen buying

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