In Tokyo trading on 13 October, USD/JPY was soft and moved lower into the evening, reaching the low ¥158 range. Dollar selling predominated following the retreat in oil prices, while the euro was bought back against both the yen and the dollar.
On the 13th, USD/JPY traded softly in Tokyo, reaching ¥158.65 early in the day before dollar selling accelerated against a backdrop of a retreat in oil prices. It fell to ¥158.11 in the evening.
EUR/JPY rose from ¥176.70 to ¥177.10, while EUR/USD advanced from 1.1153 to 1.1196. As of 17:00, indicative rates were USD/JPY ¥158.10–¥158.20 and EUR/JPY ¥176.90–¥177.00. The Nikkei Stock Average opened at ¥68,564.85, reached a high of ¥68,710.99, a low of ¥67,058.56, and closed at ¥67,777.52, down ¥1,253.40 from the previous day.
As remarks by officials and economic indicators, BOJ Governor Ueda (植田) suggested that long-term interest rates were rising and that the inflation rate could reach 2%; remarks by Prime Minister Suga (菅), the Reserve Bank of Australia's meeting minutes, and the IMF's outlook were also reported. The domestic corporate goods price index for September rose 6.8% year on year, compared with forecasts of 7.6% and a previous reading of 7.6%.