USD/JPY retreats to 156 range as month-end yen buying intensifies

  • USD/JPY recovered sluggishly before retreating into the 156 range toward the close of Tokyo trading on the 30th.
  • Gate data cited by Odaily showed a latest quote of 156.962, down 0.2% over 24 hours.
  • Month-end and quarter-end real-demand yen buying strengthened dollar-selling pressure from the morning session, while an earlier report cited 156.998 and a 0.1% gain.

USD/JPY retreated into the 156 range toward the close of Tokyo foreign exchange trading on the 30th as month-end and quarter-end yen-buying flows from real demand intensified dollar-selling pressure. Gate data cited by Odaily later showed the pair at 156.962, down 0.2% over 24 hours, revising an earlier report of 156.998 and a 0.1% gain.

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