The yen was sold as the market anticipated that Japan’s short-term interest rate would continue to remain at almost zero.

The dollar lost some of its recent gains on profit-taking as there was little news for the market.

Sliding share prices aren’t supportive for the yen. Some investors are using it as an excuse to buy back the dollar.

The yen’s weakness against the dollar in Tokyo has been inherited from overseas trade on interest rate differentials.

The report gave a reason to buy back the yen. An end of the easing monetary policy is just a matter of timing.