FX summary: Dollar/yen hovers around 159.80, market eyes domestic interest rate trends
The dollar traded around 159.80 yen as of 10:00 a.m. in Tokyo on Sept. 1, up more than 0.20 yen from 5:00 p.m. the previous day, reflecting dollar strength and yen weakness. The euro was quoted around 185.60 yen, up over 0.50 yen from the same reference point.
The dollar hovered in the 159.70 yen range at 8:00 a.m. before easing to around 159.64 yen shortly after 9:20 a.m., then recovering to around 159.80 yen. In New York overnight, rising tensions involving Iran drove up crude oil prices and U.S. long-term interest rates, briefly pushing the dollar to around 159.90 yen. With market participants increasingly focused on the 160.00 yen level, attention is also turning to domestic yields ahead of a 10-year Japanese government bond auction scheduled for today.
Against the dollar, the euro traded around 1.1618 dollars, up more than 0.0010 dollars from the previous reference point, reflecting euro strength and dollar weakness.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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