October 22, 2026
Yen Holds in Lower 158 Range as Importer Selling Caps Upside — BigGo Finance
In the Tokyo foreign exchange market on the morning of the 22nd, the yen is trading slightly soft. At 10:00 a.m., the dollar-yen stood at 158.16-17 per dollar, 4 sen weaker for the yen (stronger for the dollar) than at 5:00 p.m. the previous day. Shortly after 9:30 a.m., the pair briefly fell to around […]
In the Tokyo foreign exchange market on the morning of the 22nd, the yen is trading slightly soft. At 10:00 a.m., the dollar-yen stood at 158.16-17 per dollar, 4 sen weaker for the yen (stronger for the dollar) than at 5:00 p.m. the previous day. Shortly after 9:30 a.m., the pair briefly fell to around 158.25, with yen selling and dollar buying by real demand players such as Japanese importers weighing on the market.
Some market participants said ahead of the 10:00 a.m. mid-rate fixing that there appeared to be “a slight dollar shortage.”
The yen’s decline against the euro widened somewhat. At 10:00 a.m., the euro-yen was at 177.65-68 per euro, 15 sen weaker for the yen (stronger for the euro) than at 5:00 p.m. the previous day. The euro-dollar was at 1.1232-33, up 0.0007 dollar for the euro (down for the dollar), a modest move.
In the previous day’s Tokyo market, the dollar-yen continued to trade in a tight range around 158.13. The euro-dollar hit an intraday low of 1.1218 shortly after 3:00 p.m., then stopped falling as the US 10-year Treasury yield in off-hours trading pared its rise to the 5.10% level, and selling subsided. The euro-yen was also little changed at 177.51, and although it tested a low of 177.40 at one point, it did not extend its decline.…Read more by BigGo Finance