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Foreign exchange summary: Dollar holds around 159.30 yen, trading rangebound amid lack of fresh catalysts
The dollar-yen exchange rate in the Tokyo foreign exchange market on May 27 stood at around 159.34 yen as of 3:00 p.m., up just over 0.10 yen compared to 5:00 p.m. the previous day. The euro traded at around 185.47 yen, up about 0.20 yen against the yen.
The dollar-yen pair traded in the 159.20 yen range as of 9:00 a.m., softening to the 159.10 yen range shortly after noon, before rising to the 159.30 yen range by 3:00 p.m. Bank of Japan (BOJ) Governor Kazuo Ueda delivered remarks at a BOJ-hosted conference in the morning but provided no specific cues on monetary policy, leaving the market largely unmoved. While attention remained focused on the situation in Iran and crude oil price movements, a lack of fresh trading catalysts kept the pair confined to the lower 159 yen range.
The euro traded at around 1.1639 dollars against the dollar, up about 0.0002 dollars.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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