November 15, 2021

Dollar moves narrowly almost below ¥109.50 in Tokyo

The dollar moved in a narrow range almost under ¥109.50 in Tokyo trading Tuesday, amid a dearth of fresh incentives.

At 5 p.m., the dollar stood at ¥109.52, up from ¥109.42 at the same time Monday. The euro was at $1.2172, up from $1.2166, and at ¥133.31, up from ¥133.13.

After trading below ¥109.30 in the early morning, the dollar rose to around ¥109.40 on buying by real demand-backed players.

But the greenback pared some of the gains later in the morning, pressured by the 225-issue Nikkei average’s fall into negative terrain and sluggish movements of long-term U.S. Treasury bond yields in off-hours trading.

The U.S. currency became static in the afternoon as investors took to the sidelines to see movements of long-term U.S. interest rates after a Treasury bond auction later on Tuesday.

A wait-and-see mood grew also ahead of the release of the U.S. consumer price index for…

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