The yen traded within the 160 range this week, moving back and forth, while remarks by Iizuka (飯塚) of Sumitomo Mitsui Trust Bank and Bessent reportedly fueled speculation over dollar selling.
The dollar-yen exchange rate made small moves this week, centered around the 160 range. Market participants are watching how it develops within this range.
Remarks by Iizuka (飯塚) and Bessent have reportedly prompted views on dollar selling, and some believe the market could shift depending on the content of future remarks.