Tokyo Forex: Dollar-Yen Struggles to Gain Amid Intervention Caution

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In Tokyo trading on the 17th, the dollar-yen pair struggled to gain. Following strong US economic indicators released the previous day, dollar buying picked up on expectations of early tightening, pushing the pair up to 162.47 yen at one point. However, caution over potential Japanese currency intervention saw it fall to 162.14 yen in the afternoon. The trading range for dollar-yen was 162.32 to 162.47 yen, for euro-yen was 185.67 to 185.95 yen, and for euro-dollar was 1.1436 to 1.1452 dollars.

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