Overview
- Tokyo trading opened on Oct. 27 with the yen at ¥152.87–¥152.91 per dollar, slightly weaker than late last week.
- By late afternoon in Tokyo, the currency slipped further to ¥153.02–¥153.04 per dollar on broad dollar demand.
- In New York trading the same day, the yen hovered around ¥152.75–¥152.85 per dollar as of 8:40 a.m. local time.
- The yen also fell against other majors, briefly touching the low ¥178s per euro, its weakest level versus the euro since 1999, according to major financial institutions.
- Some market participants flagged caution over possible comments from the visiting U.S. president that could seek to curb yen weakness.