Overview
- In Tokyo, the currency closed around ¥155.35–¥155.36 per dollar at 5 p.m., and the euro traded near ¥181.11–¥181.15.
- In New York, the rate held in the mid-to-high ¥155s, near ¥155.55–¥155.65 in the morning and about ¥155.89–¥155.99 by late afternoon; the euro hovered around ¥181.18–¥181.44 against the yen.
- Market participants cited rising U.S. long-term yields and a wider Japan–U.S. interest-rate gap as the main drivers of dollar demand and yen selling.
- Foreign-exchange brokers described muted intraday swings as traders squared positions and took profits ahead of the policy outcome.
- U.S. equities slipped, with the Dow down 215.67 points to 47,739.32 and the Nasdaq ending a five-day rise, as higher yields and policy uncertainty pressured risk appetite.