USD/JPY weakened to the ¥158.70 level, affected by a pause in the rise in U.S. interest rates and falling stock prices. The market is watching the day's movements and the outlook for exchange rates.
USD/JPY weakened to the ¥158.70 level. During the day's trading, it was at times pushed back to the lower ¥158 range.
While views spread that the rise in U.S. interest rates had paused, declines in U.S. stock markets also weighed on USD/JPY, and risk aversion has continued.
Movements in the Nikkei 225 and U.S. stocks are also affecting exchange rates, and the range of USD/JPY fluctuations could widen again depending on future market developments.