In the Tokyo foreign exchange market on the 25th, the yen moved little against the dollar as investors refrained from active trading ahead of speeches by senior Japanese and US central bank officials.
On the 25th, the yen moved little against the dollar in the Tokyo foreign exchange market, with none of the sharp volatility seen through the previous week.
With speeches by senior Japanese and US central bank officials scheduled one after another, investors increasingly adopted a wait-and-see stance, and there was a broad move to avoid actively adjusting positions.
As of 5:00 p.m., the yen had not moved significantly from the previous day, and the specific level remained pending a follow-up report in the main article.
Market participants pointed out that the direction of foreign exchange markets could change depending on the content of the speeches, but reports said that no clear direction had emerged at this point and that the yen continued to move within a narrow range.