Dollar-Yen Tumbles to 154 Range Ahead of Key US Inflation Data

The dollar-yen pair saw a sharp decline in Tokyo foreign exchange trading on the 7th, touching a low of 154.30 yen by late afternoon.

The pair had traded in a narrow range centered around the 156-yen level during the morning session, but selling pressure dominated after investors sought to gauge the Federal Reserve's monetary policy stance.

With U.S. markets closed for a holiday, participation from overseas investors was limited, and position adjustments by Japanese domestic players were seen as the primary driver pushing the market lower.