In the Tokyo foreign exchange market on the 30th, USD/JPY traded in the upper 156-yen range. The retreat in expectations for U.S. rate hikes and selling of the dollar and buying of the yen for real demand by domestic exporters appear to have influenced trading.
In the Tokyo market on the 30th, USD/JPY traded in the upper 156-yen range. As expectations for additional U.S. rate hikes eased somewhat, selling of the dollar and buying of the yen was observed against the backdrop of settlement demand from domestic exporters, and the pair showed a softening trend.
During the day, it temporarily fell to the 156.30-yen range, then resisted further declines from before noon, but the rebound stalled in the 157.20-yen range, after which there were periods when gains were capped.