Dollar-Yen Resurfaces Above 158 as U.S. Yields Reverse and European Stocks Rise, Curbing Yen Buying
In the Tokyo foreign exchange market on the 5th, the dollar-yen pair pared its losses and climbed back into the 158 range. In the morning, falling U.S. long-term interest rates and crude oil prices drove dollar selling, pushing the pair down to 157.82 yen,…