The dollar-yen pair rebounded in Tokyo trading, returning to the ¥157 level in the afternoon. Risk-averse yen buying is believed to have intensified against the backdrop of a global plunge in stock prices.
The dollar-yen pair rebounded in Tokyo trading on the 23rd, recovering to the ¥157 level in the afternoon. The move appears to have reflected continued risk-averse trading from the previous day, which pushed up the yen.
The move was attributed to a global plunge in stock prices, with investors reportedly increasing their tendency to buy the yen as a safe-haven asset. Along with price movements during the morning session, the afternoon level was confirmed.