Overview

• The dollar was quoted at ¥147.40–147.42 at 5:00 p.m. in Tokyo, marking a 33-sen decline in the yen from the previous day.
• The euro traded around ¥172.94–¥172.98, leaving the yen about 13 sen weaker against the single currency.
• Bank of Japan Governor Kazuo Ueda’s remarks at an Osaka meeting were viewed as not signaling additional tightening, prompting yen selling.
• Foreign-exchange brokers reported a strong wait-and-see stance ahead of the Liberal Democratic Party leadership election.
• Despite the day’s move, the currency remains within its recent ¥146–¥150 range watched by traders.