Sliding share prices aren't supportive for the yen. Some investors are using it as an excuse to buy back the dollar. |
The dollar lost some of its recent gains on profit-taking as there was little news for the market. |
The report gave a reason to buy back the yen. An end of the easing monetary policy is just a matter of timing. |
The yen was sold as the market anticipated that Japan's short-term interest rate would continue to remain at almost zero. |
The yen's weakness against the dollar in Tokyo has been inherited from overseas trade on interest rate differentials. |