As of 3 p.m., the dollar was trading in the latter half of the ¥157 range, while the market remained cautious after Tokyo’s core CPI was released in the morning. Activity was limited ahead of the US employment report.
At 3 p.m., the dollar was trading in the latter half of the ¥157 range, weaker against the yen than late the previous day. After Tokyo’s core CPI was released in the morning, the market gradually adopted a wait-and-see stance as investors assessed the data against market expectations.
With the US employment report due, the market continued to wait for upcoming economic indicators. Some expect any near-term change in market movements prompted by the release of Tokyo’s core CPI to be limited.