Yen Weakens to ¥154 per Dollar in Tokyo Trading

Growing confidence in a resolution to the partial U.S. government shutdown encouraged dollar buying.

Overview

By 5:00 p.m. JST on Nov. 10, the dollar traded at ¥154.04–¥154.06, leaving the yen about 66 sen weaker than Friday’s close, according to Tokyo market quotes.
The pair was around ¥153.84–¥153.85 at 10:00 a.m. JST, marking an intraday move into the low ¥154 range by the afternoon session.
Euro–yen also advanced, reaching roughly ¥178.17–¥178.21 in the afternoon after trading near ¥177.72–¥177.81 earlier in the day.
Foreign-exchange brokers reported dollar demand linked to position adjustments that involved selling yen.
Market participants said reduced concern about the economic impact of the U.S. agency closures lessened risk aversion and supported the greenback.