Tokyo FX: USD/JPY falls further as yen-buying momentum continues

USD/JPY fell further in the Tokyo market, reaching as low as 157.62. The yen-buying trend continued amid expectations that the Bank of Japan would accelerate the pace of monetary tightening.

Read in fullFrom the source, not the headline

sources corroborateOutlets reporting the same event

companies linkedAcross 0 themes, second pass

The story

USD/JPY fell further in the Tokyo market on the afternoon of the 3rd, reaching as low as 157.62. It was trading around ¥2 below its intraday level on the previous day.

Yen buying has continued on expectations that the Bank of Japan will accelerate the pace of monetary tightening, and major currencies have generally been trending lower against the yen. Some market participants also believe that dollar buying is unlikely to emerge against a backdrop of falling crude oil prices and lower US long-term yields.

The day's trading ranges were 157.62 to 158.96 for USD/JPY, 182.81 to 184.17 for EUR/JPY, and 1.1583 to 1.1597 for EUR/USD.

At a glance

Trading levelUSD/JPY fell as low as 157.62.

RangeUSD/JPY 157.62-158.96, EUR/JPY 182.81-184.17, EUR/USD 1.1583-1.1597.

FactorYen buying has continued on expectations that the Bank of Japan will accelerate the pace of monetary tightening.

Market trendsMajor currencies have generally been trending lower against the yen.

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

topics.smt.docomo.ne.jpNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.