Dollar-yen pair retreats to 156 range in Tokyo trading

  • Dollar-yen pair recovered sluggishly before retreating toward the close.
  • 156 range marked the pair's level near the end of Tokyo trading.
  • Month-end and quarter-end real-demand flows drove yen buying and dollar selling.

The dollar-yen pair staged only a sluggish recovery in Tokyo foreign exchange trading on the 30th before falling back into the 156 range toward the close. Month-end and quarter-end yen-buying flows from real demand drove the move, while dollar-selling pressure strengthened from the morning session.

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