Dollar-yen traded in the upper ¥159 range in Tokyo trading on the 31st. Dollar selling and yen buying led trading against a backdrop of a pause in the rise in long-term US yields and a decline in the Nikkei.
Dollar-yen was trading in the upper ¥159 range in Tokyo trading on the 31st.
Some market participants attributed the initial dollar selling and yen buying to the decline in the Nikkei amid a pause in the rise in long-term US yields in after-hours trading.
The pair stopped falling in the afternoon. It fell to the ¥159.7x range before noon and then traded broadly flat.