The yen was sold as the market anticipated that Japan's short-term interest rate would continue to remain at almost zero.
More Quotes from Nobuo Kihara:
The yen's weakness against the dollar in Tokyo has been inherited from overseas trade on interest rate differentials.Nobuo Kihara
The report gave a reason to buy back the yen. An end of the easing monetary policy is just a matter of timing.
Nobuo Kihara
The dollar lost some of its recent gains on profit-taking as there was little news for the market.
Nobuo Kihara
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