Yen Firms in Tokyo as Dollar Dips to Mid-¥157s Before Settling Near ¥158
Traders attributed the move to risk aversion linked to tensions between the United States and Europe over Greenland.
Overview
- At 08:00 JST, the dollar traded around ¥157.86–¥157.90 in Tokyo, according to market quotes.
- By 10:00, the yen strengthened to about ¥157.45–¥157.50, an intraday move of roughly ¥0.71 versus the end of last week.
- By 17:00, the dollar was around ¥158.06–¥158.08, leaving the yen modestly stronger compared with last week’s close.
- The euro traded near ¥183 during the session based on intraday quotes.
- Market commentary reported risk-off dollar selling on concern over U.S.–Europe frictions related to Greenland, with an FX broker also citing caution about possible government and BOJ intervention.