From BigGo Finance · BigGo Finance · · 1m
Yen Holds in Lower 158 Range
Yen trading near 158.16 as importers cap dollar upside.
In brief
Yen trading near 158.16 as importers cap dollar upside. The yen held slightly weaker at 158.16-17 against the dollar, with Japanese importers selling yen to limit gains. Originally reported by BigGo Finance.
Yen trading slightly soft
The yen was slightly weaker at 158.16-17 per dollar at 10:00 a.m. on the 22nd, 4 sen weaker than the previous day.
Importers selling yen
Real demand players such as Japanese importers weighed on the yen, pushing it down 4 sen against the dollar.
Euro-yen weaker
The euro-yen traded at 177.65-68 per euro, 15 sen weaker than the previous day's rate.
Dollar-yen range tight
The dollar-yen continued trading in a narrow range around 158.13-158.25, lacking direction due to US bond yields and yen selling.
Market participants' view
Market participants said there was a slight dollar shortage ahead of mid-rate fixing and expect range-bound trading near 158.16.
The key point
The yen held slightly weaker at 158.16-17 against the dollar, with Japanese importers selling yen to limit gains.
